A former prime minister of Britain, Harold Wilson, is famous for remarking that a week is a long time in politics. But in the world of finance, it seems everything can change in just two days.
With the UK’s new prime minister in office, it looks like the political turmoil of the last few months is likely to ease, at least for the time being. Rishi Sunak and his fellow MPs must put their political differences aside to focus on stabilising the economy and calming financial markets. But Sunak will of course have one eye on the next election, which he must call before January 2025.