New British Prime Minister Rishi Sunak has vowed to fix the errors made by his predecessor Liz Truss while warning of difficult decisions ahead.

Her tax-slashing budget sparked economic and political turmoil.

Speaking on the steps of Downing Street after being appointed premier by King Charles III, Sunak spoke of Truss’s noble aims but said some mistakes had been made.

He said however he wanted to pay tribute to Truss whose tenure as leader lasted just seven weeks.