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Boris Johnson becomes U.K. prime minister

U.K. Prime Minister Boris Johnson meets with Queen Elizabeth II. Photo: Victoria Jones/AFP/Getty Images

Boris Johnson officially became the U.K.'s prime minister on Wednesday after his meeting with Queen Elizabeth II at Buckingham Palace.

The big picture, via Axios' Dave Lawler: He now has 99 days to fulfill his promise to bring the country out of the European Union by Halloween, with or without a deal. Johnson says a "no-deal" exit, which would have major economic repercussions for the U.K. and the world, is preferable to another delay, despite a parliamentary majority prepared to act to block it.

Go deeper: Everything you need to know about Brexit