New Prime Minister Rishi Sunak Addresses Nation

"I am humbled and honoured to have the support of my parliamentary colleagues and to be elected as leader of the Conservative and Unionist Party. It is the greatest privilege of my life to be able to serve the party I live and to give back to the country I owe so much to.

"The United Kingdom is a great country, 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."