PREMIUM UPDATES

Tuesday marked Rishi Sunak's inauguration as the 57th prime minister of the United Kingdom. He has promised to correct the errors committed by his predecessor, Liz Truss, and has moved rapidly to establish a stable and enduring administration. Mr. Sunak chose Jeremy Hunt to continue serving as chancellor of the Exchequer in one of his most significant appointments. Early this month, Ms. Truss attempted to calm the market turbulence brought on by her massive tax cut plan by appointing Mr. Hunt to the position. He promptly retracted almost all of her suggestions. James Cleverly, who backed Boris Johnson in the most recent leadership election, was retained as foreign secretary by Mr. Sunak. Ben Wallace, the defense secretary with a prominent reputation, Defense Secretary Ben Wallace, who has established a strong reputation, continues in his position. In the leadership contest, Wallace had backed Boris Johnson. Suella Braverman, who abruptly resigned from her position as home secretar...