Rishi Sunak warns of profound economic challenges after winning race to become prime minister - BBC News

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Rishi Sunak warns of profound economic challenges after winning race to become prime minister - BBC News
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Rishi Sunak is set to become the UK's next prime minister after Penny Mordaunt dropped out of the Tory leadership race.

That was a very brief statement from the incoming PM - but read on for a summary of what he's previously said about three key issues facing the country.Sunak campaigned for leaving the European Union in the lead up to the 2016 referendum, gathering a reputation as a staunch supporter of the project in the build up to that vote.

In his first bid to become PM, Sunak suggested scrapping the 5% VAT on domestic energy bills for next year and cutting the lower rate of income tax - currently 20% - by 1% from April 2024.

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