Full coverage: Rishi Sunak

The incoming British prime minister has ruled out rejoining the single market and is betting the UK's transformation on rampant economic growth.

The British government is no longer prepared to let the second largest party in its smallest devolved administration decide the terms and the pace of the UK’s relationship with its nearest and most important trading partner, the EU.

The UK's next prime minister will be another graduate of Oxford University. In his book Chums, Simon Kuper explored how the university became the pathway to power for the Conservative party. He says Truss and Sunak remain stuck in Britain's past.