BBC News 25 October 2022
- Rishi Sunak has become the new UK prime minister after meeting King Charles at Buckingham Palace
- In his first speech, he says the UK is facing a "profound economic crisis" and that he has been chosen to take office to fix some of Liz Truss's mistakes
- "Trust is earned, and I will earn yours," he tells the public from outside No 10 Downing Street
- In a short farewell speech earlier, Liz Truss defended her legacy of trying to push through tax cuts and said leaders needed to be bold
- Sunak will be UK's third leader in seven weeks after winning a Tory leadership contest triggered by Truss stepping down
- After being selected by Tory MPs on Monday, he warned the country faced a "profound economic challenge"
- Sunak ruled out an early general election, despite calls from Labour, the Scottish National Party, the Liberal Democrats and the Green Party
