Rishi Sunak Enters Race To Replace Liz Truss As UK Prime Minister

Rishi Sunak has confirmed he will join the contest to replace Liz Truss as British prime minister and Conservative Party leader after economic turmoil forced Truss to resign after serving just 44 days in office. <br />Truss became the shortest-serving prime minister in the UK’s history after she resigned on Thursday following her disastrous tax cuts plans and policy U-turns plunged the markets into chaos, with the pound plunging to its lowest value. <br />The unprecedented economic crisis drew a rare intervention from the Bank of England. <br />The market turmoil forced Truss to sack her then-Chancellor of the Exchequer Kwasi Kwarteng and replace him with Jeremy Hunt who swiftly scrapped all of Kwarteng’s economic agenda.