Rishi Sunak, 42, will officially become prime minister this morning after winning the Conservative Party leadership contest
He will travel to Buckingham Palace to meet King Charles before entering No 10 as the UK’s first British Asian PM
He will be the UK’s third leader in seven weeks and is expected to make his first speech as PM outside Downing Street at 11:35
But first, outgoing PM Liz Truss will chair her last cabinet meeting at 09:00 before submitting her formal resignation to the King at 10:15
After being selected by Tory MPs on Monday, Sunak warned the country faced a “profound economic challenge” but promised to serve with integrity
He ruled out an early general election, despite calls from Labour, the Scottish National Party, the Liberal Democrats and the Green Party
He faces a daunting task of tackling the UK’s highest inflation for 40 years and uniting the Tory Party.
Rishi Sunak is poised to become the UK’s youngest prime minister for more than 200 years.
At 42, he is the same age Earl of Liverpool Robert Banks Jenkinson was when he came to office in 1812. Since then, David Cameron, who was elected at the age of 43 in 2010, has held the record as the youngest PM.
Tony Blair, who served from 1997-2007, was also 43 when he entered office – but he was a few months older than Cameron at the time Cameron entered No 10. But Sunak is not as young as William Pitt the Younger, who was 24 when he was elected in 1783.