Rishi Sunak's first speech as prime minister in full after replacing Liz Truss

Sign up for Inside Politics email for your briefing free daily on the biggest stories in British politicsGet our free Inside Politics emailPlease enter a valid email addressPlease enter a valid email addressI would like to be notified by email about offers, events and updates from The Independent. Read our privacy notice{{ #verifyErrors }}{{ message }}{{ /verifyErrors }}{{ ^verifyErrors }}An error has occurred. Please try again later{{ /verifyErrors }}

Rishi Sunak has pledged to correct errors made by his predecessor Liz Truss during her maiden speech as Prime Minister.

Mr. Sunak addressed the nation outside 10 Downing Street on Tuesday after visiting King Charles, who called on the former chancellor to form a government.

In his speech, the Richmond (Yorkshire ) The MP warned that the country was facing a “deep economic crisis”.

You can read the new Prime Minister's speech in full below:

Just been to Buckingham Palace and accepted the invitation of His Majesty the King to form a government in his name.

It is fair to explain why I am here as the new Prime Minister.

Right now our country is facing a deep economic crisis.

The sequels of Covid still linger.

Sunak addresses the nation after visiting the king

Putin's war in Ukraine has destabilized energy markets and supply chains around the world.

I would like to pay tribute to my predecessor Liz Truss.

< em>She was not wrong to want to improve the growth of this country.

it is a lofty goal.

And I admired his restlessness to create change.

But some mistakes were made.

No ill will or bad intentions. Quite the opposite, in fact. But mistakes nonetheless.

And I was elected leader of my party, and your prime minister, in part, to fix them.

And that work begins immediately.

I will put economic stability and confidence at the heart of this government's agenda.

That will mean tough decisions ahead.

But you saw me during Covid, doing everything I could, to protect people and businesses, with plans like furlough.

There are always limits, more than ever, but I promise you this: I bring the same compassion to the challenges we face today.

The government I lead will not leave the next generation, your children and grandchildren, with...