U.K. Prime Minister Rishi Sunak has angry unions to the left of him, anxious Conservative Party lawmakers to the right and, in the middle, millions of voters he must win over to avert electoral defeat.
It's a daunting situation for Sunak, who on Thursday marks 100 days in office, more than twice the number of his ill-fated predecessor, Liz Truss. Installed as Conservative leader after Truss' plan for huge tax cuts sparked panic, the 42-year-old Sunak calmed financial markets and averted economic meltdown after he assumed the post of prime minister on Oct. 25.
Sunak is a former U.K. Treasury chief, and his top priority has been the country's economic malaise. Gross domestic product remains smaller than it was before the coronavirus pandemic, and the International Monetary Fund forecast this week that the U.K. will be the only major economy to contract this year, shrinking by 0.6%.
Meanwhile, a faction inside the Conservative Party is pushing for immediate tax cuts to encourage growth, despite the damage done by "Trussonomics" just months ago. He is seeking to improve relations with the 27-member EU, and both sides have made progress toward resolving a dispute over Northern Ireland trade rules that has burdened businesses and shuttered the regional government in Belfast.
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