As his Conservative Party struggles to heal divisive wounds from months of infighting, Sunak must deal with high inflation levels, elevated energy prices and a soaring cost of living.

A popular former chancellor of the exchequer under Boris Johnson's premiership, Sunak will be the first person of color to take the top job and the youngest prime minister in more than 200 years.

The United Kingdom's Conservative Party is trying to settle on a new prime minister in the wake of Liz Truss' resignation.

Following the resignation of Liz Truss as Britain's fourth prime minister in a little over six years, her Conservative Party — in power since 2010 — is racing to select a replacement.

Truss' announcement follows weeks of criticism from her opponents and members of her own Conservative Party, and the resignation of two of her top Cabinet picks.

After a bruising first six weeks in office, the prime minister replaced her finance chief and lost her interior secretary. But Truss herself still faces calls to quit.

In the opening weeks of her premiership, Truss weathered a widely criticized economic package and fired her finance minister. Are we heading for another Conservative Party leadership fight?

In a move to calm financial markets and her own Conservative Party, Prime Minister Liz Truss canceled planned tax cuts for corporations and replaced Kwasi Kwarteng as treasury head with Jeremy Hunt.

Britain announced a series of tax proposals that led to a major sell-off of the country's currency and the government's debt. Just over a week later, the government has been forced to change tack.

Under political pressure, the U.K. government has made an embarrassing U-turn on tax cuts for the highest earners, while the collapse of the pound compounds the misery of many British householders.

The British Prime Minister Liz Truss and her finance minister finally broke their silence after a disastrous week for the economy that many are blaming on their policies.

Britain's currency weakened to a record low against the U.S. dollar, while government borrowing costs shot up. This happened after the new conservative government announced new economic proposals.

The British pound weakened to a record-low level against the U.S. dollar as traders and investors continue to react negatively to new plans unveiled by the country's finance minister, Kwasi Kwarteng.

The British pound sank to $1.03, before stabilizing slightly, as traders and investors react negatively to new government plans to cut taxes for highest earners and businesses and boosting borrowing.

World leaders and members of the public, including national health workers, are invited to pay tribute to the United Kingdom's longest-reigning monarch.

Citizens from across the U.K. have traveled to London ahead of Elizabeth's state funeral on Monday to pay their respects in person to Britain's longest-serving monarch.

King Charles III gave his first public speech after taking the throne following the death of Queen Elizabeth II.

Queen Elizabeth II, the U.K.'s longest-serving monarch, died Thursday at the age of 96. The queen came to the throne in 1952 and witnessed enormous social change.

Queen Elizabeth II died at her Balmoral estate in Scotland at age 96 on Thursday. She was the longest-serving monarch in British history, reigning for 70 years.

For the first time in British history, none of the four most senior Cabinet posts — prime minister, chancellor of the exchequer, foreign secretary and home secretary — are taken up by a white male.