King Charles has made Rishi Sunak prime minister – 49 days after the late Queen Liz stamped Truss’ short spell at the top.
His Majesty this morning welcomed Mr Sunak – at the age of 42 Britain’s youngest Prime Minister – to Buckingham Palace for the ceremonial proceedings.
Shortly before that, Mrs. Truss met Charles to hand in her letter of resignation, effective immediately.
In a statement, Buckingham Palace said: “The Right Honorable Elizabeth Truss MP had an audience with The King this morning and tendered her resignation as Prime Minister and First Lord of the Treasury, which His Majesty accepted with pleasure.”
Sunak hopes for a less conspicuous acquaintance with the new monarch than his predecessor received.
Television footage of Mrs. Truss’s meeting with Charles showed him muttering “dear, oh dear” as some of his first words to her.
Just over a month earlier, before her death, she had attended the Queen’s last betrothal.
Unusually – and due to Her Majesty’s health – she had traveled to Balmoral to meet her as Prime Minister.
King Charles III welcomes Rishi Sunak to an audience at Buckingham Palace, London, where he invited the newly elected leader of the Conservative Party to become prime minister and form a new government.
Rishi Sunak was asked by King Charles III to form a new government, which he accepted and will start working on today
King Charles looked very animated as he warmly welcomed Mr Sunak as he officially made him Prime Minister
King Charles shot a merry wave arriving at Buckingham Palace to accept Liz Truss’ resignation and meet Rishi Sunak
Outgoing Prime Minister Liz Truss and her husband Hugh O’Leary are greeted by King Charles III’s equerry, Lieutenant Colonel Johnny Thompson, when she arrives at Buckingham Palace to hand in her letter of resignation.
Newly elected Conservative Party leader Rishi Sunak, arrives at Buckingham Palace, London, for an audience with King Charles III, where he will be invited to become prime minister and form a new government
Welcome to Buckingham Palace! Rishi Sunak is greeted when he arrives to meet King Charles and is asked to form a government
King Charles III meets Prime Minister Liz Truss during their weekly audience at Buckingham Palace on October 22 this year
Queen Elizabeth welcomes Liz Truss to an audience where she invited the newly elected Conservative Party leader to become Prime Minister in the final act before her death
Prime Minister Liz Truss resigned from her position on Thursday, sparking the second Tory leadership contest in two months
Mr Sunak’s appointment with Charles will take place in the palatial setting of Buckingham Palace in London.
It will be the first time in the new king’s reign that he will ask a new prime minister to form a government.
The manner of greeting between Mr Sunak and Charles is currently unclear as Truss, Boris Johnson and Theresa May have all previously kissed the Queen’s hand.
After it takes place, Buckingham Palace will issue a royal announcement confirming that Charles has “asked him to form a new government.”
The new prime minister will then give his own address to the nation from outside No10, turning his mind to forming his first cabinet.
Aid workers have insisted that Mr Sunak will create a “big tent” rather than just promoting his allies as Ms Truss did. Jeremy Hunt will almost certainly stay on as Chancellor, a week before the crucial Halloween budget and after markets have calmed down somewhat, while Grant Shapps could remain at the Home Office.
Liz Truss (pictured announcing her resignation last week) is gathering her cabinet one last time and will deliver a farewell address in Downing Street just after 10am as she draws a line under a disastrous 49 days at the helm of the country
Rishi Sunak has been named the new prime minister today (pictured with 1922 committee members) after Boris Johnson sensationally stepped out of the Tory leadership race last night.
But he is expected to land a big job for leadership rival Penny Mordaunt, as well as right-wing folks like Suella Braverman and Kemi Badenoch. There could also be returns for Michael Gove, Dominic Raab and former education secretary Gavin Williamson.
Secretary of State James Cleverly, who backed Ms Truss over the summer and then Boris Johnson’s failed comeback bid over the weekend, is likely to make way – possibly for Ms Mordaunt.
An early area of tension will be military spending, with respected Defense Secretary Ben Wallace being seen as a risk after Mr Sunak refused to commit to increasing budgets to 3 percent of GDP by 2030.
The new prime minister told MPs yesterday that he wanted his government to represent the ‘opinions and opinions’ of the entire Conservative Party.
Mr Shapps became Home Secretary last week after Suella Braverman was ousted.
Sunak has pledged to lead No10 with ‘integrity and humility’ but warned of ‘deep challenges’ to come as he prepares to start his premiership
Sunak’s wife Akshata Murthy comes from the Indian business aristocracy: her father is Narayana Murthy, a billionaire sometimes referred to as the “Bill Gates of India”, who founded a software company Infosys in the early 1980s and is now the sixth richest man in the country.
He presented himself as ‘Mr Spreadsheet’ at the last leadership race in the summer before retiring and throwing his weight behind his good friend Mr Sunak.
Sunak may want to reward his loyalty and avoid more turmoil in the Interior Ministry, but he could give the job to one of his right-wing supporters.
Suella Braverman is unlikely to return to the job, but Dominic Raab could be promoted.
Elsewhere, Defense Secretary Ben Wallace is not a natural Sunak supporter and had said he “tended to” support Mr Johnson.
There is also the threat of a confrontation over defense spending.
Sources suggested he could step down if Liz Truss’ pledge to raise it to 3 percent of GDP by the end of the decade is broken.
Last night, however, allies said Wallace had no intention of stopping and was eager to continue talking to Sunak.
Losing him could also undermine efforts to unite the party. He ranks high in Tory polls.
James Heappey, a junior defense secretary and rising star, supported Mr Sunak for leadership and could be promoted.