The new British Prime Minister holds his first cabinet meeting to start reforming the economy

British Prime Minister Rishi Sunak held his first cabinet meeting on Wednesday, a day after taking office with a promise to fix the previous government’s mistakes and stabilize the economy.

High on Sunak’s agenda is preparing the financial market’s eagerly awaited financial statement, due out on October 31, but the Times said it could be delayed for a few days.

Asked about the timing of the statement, which is expected to set out how the government will plug a budget shortfall of up to 40 billion pounds ($45.88 billion), Foreign Secretary James Cleverly told Sky News he had “no clear confirmation” of when.

Sunak, who replaced Liz Terrasse as prime minister after her short term was chaotic, chose on Tuesday not to appoint a new finance minister, but to appoint a government that blended the various political spectrums of the Conservative Party.

His approach to decision-making soon came under fire from the opposition Labor Party, which focused on reinstating Rep. Soila Braverman as interior minister less than a week after she was dismissed by a Truss decision for a security breach.

Sunak, Britain’s third prime minister this year, faces a long list of problems beyond the economic crisis, including unifying and rebuilding a fractured party whose reputation has been tarnished by months of scandals and controversies.

“The hard work begins now and together, the members of the new Cabinet will serve the British people,” a source in his Downing Street office said in a statement.

Later on Wednesday, Sunak will for the first time face opposition Labor leader Keir Starmer during the Prime Minister’s Questioning, a weekly political debate in Parliament, at 12 pm (1100 GMT).