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Rishi Sunak has ‘credentials’ to be tech industry ambassador – reaction to Britain’s new PM

Rishi Sunak
Image credit: HM Treasury via Flickr

The UK’s tech community has welcomed the appointment of Rishi Sunak as prime minister, with the former chancellor receiving a particularly warm reception from the fintech sector.

Sunak, the first British Asian to hold the role, officially became prime minister on Tuesday following the resignation of Liz Truss last Thursday. The UK’s 57th prime minister faces a similar tech in-tray to Truss, who held the post for just 49 days.

Those issues include coming up with a UK semiconductor strategy, crypto regulation and the Online Safety Bill.

But in the short term, the tech industry is seeking stability following weeks of market turmoil caused by Truss’s controversial mini-budget. The initial reaction from the UK’s tech industry is one of cautious optimism....