Sunak's promises to keep: Ex-chancellor's likely agenda when he becomes PM

Managing welfare spending while promoting business will be among his top tasks if he wins leadership contest

Rishi Sunak, the Conservative Party MP, will take over as the prime minister of the UK on Tuesday. He was declared the leader of the Conservative Party on Monday.

Sunak, a former chancellor of the exchequer, succeeds Liz Truss, who will chair her last cabinet meeting as prime minister on Tuesday before she leaves. She remained the PM of the UK for only 44 days.

Once Sunak takes over as PM, what might be his outlook for the troubled British economy? 'Business Standard' looks at three crucial topics likely to feature on his economic agenda.

Tax cuts

Sunak, in his Spring Budget,