Sunak resigned as Prime Minister and Leader of the Conservative Party, and Keir Starmer succeeded him as Prime Minister. Sunak became the Leader of the Opposition.
The general election was held, resulting in a landslide victory for the Labour Party and the end of 14 years of Conservative government. Sunak conceded the election and announced his intention to resign as party leader.
Sunak made his spring statement, cutting fuel duty, removing VAT on energy-saving equipment, and reducing national insurance payments for small businesses.
Sunak gave a statement on COVID-19, outlining the government's response to the pandemic and its economic impact. He introduced the Coronavirus Job Retention furlough scheme and other economic support measures.