This is the Kator Daily Podcast for Wednesday, October 26, 2022.

I'm Caleb Brown.

Okay, let's try this again.

Britain's new Prime Minister is Rishi Sunak, among his first acts as PM PM undoing some of the reforms adopted by his

immediate predecessor Liz Truss.

Cato's Ryan Bourne has followed Sunak's rise to Prime Minister and argues that

even as Britain's face higher energy prices and an unstable pound,

big policy reforms are probably not on the agenda.

Rishisunak is the new Prime Minister of the United Kingdom.

He was formerly the Chancellor of the Exchequer, which is kind of like the UK's

equivalent of Treasury Secretary under Boris Johnson, and he ran for Conservative leader when Boris Johnson was ejected.

He ran against Liz Truss, who was now the former Prime Minister and the big divide between them really was over

UK tax policy. Rishi Sunak had overseen a tax plan that would have seen the

total UK tax burden rise to its highest level since World War II.

Liz Trust wanted to freeze and reverse some of those tax rises.

She won that election, but of course after the kind of market and financial turmoil

that was seen after her mini budget, she was forced out by the Conservative Party and so Ritchie

Senak has been kind of coronated by the Conservative Party as her replacement

without a kind of competitive election.

So now he is in the driving seat.

We should probably understand distinctions between what the Conservative Party stands for and

where they sort of come down on a lot of issues as, you know, as differentiated from what we would expect conservative Republicans to

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