Rishi Sunak, 42, officially became prime minister of the U.K. on Tuesday after meeting with King Charles III at Buckingham Palace. He is the third prime minister in less than two months, the first person of color in the position, and the youngest British leader since 1812, CBS News reports.
The 57th prime minister came in promising to fix the mistakes of his predecessor, Liz Truss. In his first speech, he vowed to "place economic stability and confidence at the heart of this government's agenda." The failed policies of Truss left Britain's economy in turmoil and plummeted the value of the pound, which forced her to resign just 45 days after taking office. Sunak was always critical of Truss's tax-cut plan, CBS News continues.
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