Views on the announcement of Rishi Sunak as PM

I think the UK needed an economical wizard to see us through the next 18 months and I think Rishi is the Harry Potter of the available selection. I think he has the ability to fix our economy but only time will tell, we have a terrible track record of shooting down our PMs in the UK but we need to sit back and let him lead the way. He knows the importance of the housing market to the UK economy and i hope that he will recognise the importance of first time buyers and how critical they are to keeping this industry afloat. I hope to see something come in to replace the outgoing help to buy scheme. I dont think a general electrion should have been called, many people calling for it clearly have no understanding of the agony people are experiencing at the moment, a general election would take months of planning, and millions of taxpayers money to organise, they also forget that you vote in the party, not the leader, We dont need this economic uncertainty prolonging, we need it fixing. A mistake was made with Liz Truss, she was quite clearly out of her depth. I had a pack of butter in my fridge that lasted longer than Liz Truss, i at least expect Rishi to be in power when im buying my christmas turkey

From a Conservative perspective, but also an immediate economic one, Rishi Sunak is exactly what is needed. He appears to be a polished performer, and is committed to the manifesto of 2019. However, just like a posh car with an engine that's about to go pop, when you look under the bonnet things become ugly. Sunak is seen by many in the Tory party to be the architect of Johnson's downfall. Those that love Johnson won't forgive this, and the first signs of weakness they will pounce. His decision making also has to be called into question. Appointing 'Cruella' Braverman has turned out to be a nightmare. She is cavalier with national security and has the morals of a hyena. Her handling, and subsequent performance in the House of Commons, of the Manston immigration centre has been incendiary and inept in equal measures. Sunak also needs to battle with his party over being the leader of a traditionally low tax party whilst inflicting the highest tax burden on the country in over 70 years. This is in stark contract to Truss, who flattened him in the vote of party members with her low tax philosophy. Interestingly, the way Sunak proportions this tax burden will be ammunition for the opposition. As Labour want, will Sunak tax those with the broadest shoulders or will he tell us "We're all in this together" as one of his previous party leaders did. Although Sunak is the best person for the job, the Tory party is ungovernable in the medium term. They might stick together until Christmas, but with so many factions in the party and discipline out of the window, I expect it won't be too long until Sunak has a mutiny on his hands. At that point, if the government can govern, it seems futile to select another leader when they will be inferior to the incumbent. A general election will be called and I expect to see people at the polls in the summer. Sunak can't really get much done in the meantime. There will be opposition to most of the reforms needed to impact on policies affecting the housing market. Gove is the right man for the job, to give Sunak credit for a good appointment. Give has a track record of getting things done. However, with controversial plans and with a party of ill-dicipline, getting these reforms over the line and on to the statue book is nigh-on-impossible. The housing market should benefit from Sunak being in charge. The stability that comes with a leader who won't rock the boat has settled credit markets and signalled to the Bank of England that they don't need to go as far as they had thought (under Truss). That should mean that interest rates will be lower than they would have been, and in turn, means equity markets should be more buoyant. Sunak can't push back the tide though, and I expect we are in the start of a recession and it could be sharp. This will mean property prices stagnate, businesses go bust and unemployment rises. The length of the recession has probably shortened with Sunak at the helm.