What happened
Prime Minister Rishi Sunak took office this week in a Britain reeling from financial crisis and political turmoil. The 42-year-old former chancellor of the exchequer, whose parents are of Indian descent, is the country’s first nonwhite leader—and its third leader in two months. After Boris Johnson resigned under a pile of scandals, Sunak lost the leadership race to Liz Truss, in a vote put to the Conservative Party’s 172,000 dues-paying party members. But then Truss, too, quit in just 45 days, after her program of unfunded tax cuts tanked the British pound, jacked up the country’s budget deficit, and required the Bank of England to intervene to prevent complete financial meltdown. Those horrors were exactly what Sunak had predicted when he debated Truss. So while Johnson initially…
