profits but the money is rolling in as it benefits from high interest rates. and qatar looks to cash in on the world cup to boost its economy we have a special report from doha. financial markets reacted calmly as it emerged that rishi sunak is set to be the uk s next prime minister. the pound is broadly unchanged against the dollar and government borrowing costs stayed lower after commons leader penny mordaunt dropped out of the leadership race. but the new prime minister inherits a daunting in tray with the cost of living crisis soaring energy prices and rising inflation. not to mention the war in ukraine and brokering a good relationship with europe. our business correspondent theo leggett has more. the news that rishi sunak is the new leader of the conserve the new leader of the conserve the party and will therefore become the next prime minister of the uk is something international investors seem to have taken in their stride. there has certainly been no return to th
week. it is assumed, well, we don t know, he has to appoint his team, once he has seen king charles today and has been invited to form a government, he then has to put together his team, and that will include the chancellor, and it is thought that will remain to bejeremy hunt. that will remain to be jeremy hunt. , ~ ., hunt. yes, i think at the moment hunt. yes, i think at the moment the hunt. yes, i think at the moment the market - hunt. yes, i think at the - moment the market response to jeremy hunt taking over as chancellor of the exchequer has been positive. he is regarded as a safe pair of hands. there has been a lot of commentary about what we need is a dull chancellor, a dull budget. essentially, nothing that is going to come as too much of a shock that raises real concerns about the outlook for public finances and the date of the uk. so let s see but so far, so good, in terms of at least we have got away from that market