Rishi Sunak: "We face a profound economic challenge. We only have one chance, to succeed."

Rishi Sunak, the newly elected leader of the Tories, promised to lead the UK "with integrity and humility" but he also stated that the nation was now facing a "deep economic challenge." Sunak began his short speech by commending Truss on her leadership and, in typical Sunak fashion, said that she served as prime minister "under extremely difficult conditions." Rishi Sunak continued by saying, "It is the greatest privilege of my life to be able to serve the party I love and to give back to this country to which I owe so much. But there is no doubt we face a profound economic challenge."

"We now need stability and unity and I will make it my utmost priority to bring our party and our country together."

"Because only in this way will we overcome the challenges we face and build a better, more prosperous future for our children and grandchildren."

He stated, "I pledge to serve you with integrity and humility, to work day in and day out to deliver for the British people."

"We only have one chance, to succeed"

The incoming British prime minister made it plain earlier that the Tories only have one shot to succeed by calling for unity among the Conservative party. This poses a "existential threat" to the party, as he put it.

After being chosen as the new leader, Sunak had a conference behind closed doors where he ruled out early parliamentary elections and asked his MPs to keep together in the wake of the infighting that has shook the Conservative party. He emphasized the need for unity and cooperation while pledging "a government of the best."

On Tuesday at Buckingham, King Charles is anticipated to accept the resignation of outgoing Prime Minister Liz Truss and choose her replacement.

Sunak was elected as the head of the Conservative Party, and outgoing Prime Minister Truss tweeted her congratulations and "full support" for him.

Theresa May, a former British prime minister, also backed Sunak.

By fLEXI tEAM