UK PM Sunak warns of 'very difficult decisions' to tackle economic crisis

Britain's newly-appointed Prime Minister Rishi Sunak on Wednesday warned that his government will have to take some "very difficult decisions" but assured the people that he would also act with compassion while tackling the country's "profound economic crisis."

Sunak, Britain's first Indian-origin Prime Minister, took office on Tuesday with a pledge to fix the "mistakes" his predecessor Liz Truss made which left a blackhole in government finances and the markets in turmoil.

Sunak, the third prime minister in seven weeks, opened the Cabinet meeting by saying that "economic stability and fiscal sustainability would be at the heart" of his government's mission, according to a read-out from his first cabinet meeting.

"This morning I set out to Cabinet the enormous task we face, and why I am confident that this government can rise to the challenge and deliver for the whole United Kingdom," Sunak tweeted.

"Now is the time to get to work and earn the trust of the British people," he wrote