Rishi Sunak, the new British Prime Minister, is the fifth prime minister since the Brexit vote in 2016 and the first premier of colour, which ushered in a period of unparalleled economic turmoil in the United Kingdom, which has only deteriorated over time.

Inflation in the United Kingdom reached a 40-year high of 10.1% in September, while energy costs continue to climb as a result of Russia’s military operations in Ukraine.

As wages and livelihoods plummeted, the financial limbo escalated into a full-fledged financial crisis, prompting various sectors of British society to go on strike or threaten to go on strike, including railroad employees, the Royal Mail, shipyards, schools, hospitals, and other essential social services.

Sunak must confront a plethora of challenges: the deepening of internal schisms within his party, the Conservative Party, which had a considerable part in exacerbating the rift with his departure from Boris Johnson’s administration, contributing to Johnson’s already dwindling popularity.

Due to Labor’s steady ascent in the recent polls, more than two-thirds of British citizens support holding snap parliamentary elections and want the Tories to leave office after 12 years.

Sunak, a little-known politician of Indian descent who formerly served as Chancellor of the Exchequer, shattered Britons’ optimism concerning their future financial status in his first gloomy speech: “Our nation is suffering a profound economic crisis, and citizens should not expect the government to address all of the challenges.”

Many analysts believe that the insoluble conundrum of Brexit and its lingering ramifications are the primary reason for the UK’s long-term damage to its political and economic systems.

Indeed, the political and economic calamities generated by the United Kingdom’s withdrawal from the European Union have caused a crisis for the UK to a large degree, and these problems have become increasingly palpable in the current circumstances, as London is no longer a favorable economic destination.

Hence, it is evident that Rishi Sunak’s administration, like Liz Truss’ brief premiership, is a crisis government that will not be able to confront a deluge of challenges, particularly when the British public is generally disenchanted with the Conservative Party’s long-term rule.

Sunak has been the youngest British Prime Minister since 1812. He is the wealthiest Prime Minister in British history, with a fortune estimated at £730 million. This amount is twice the wealth of the United Kingdom’s newly crowned monarch, King Charles III. Thus, for the first time, the tenant of 10 Downing Street is more affluent than the royal family at Buckingham Palace.