Rishi Sunak Set to be First Indian-Origin Premier; Penny Mordaunt Drops Out of race


Last Updated: October 24, 2022, 19:00 IST

Rishi Sunak, the former UK chancellor, enters the race with the backing of 150+ MPs while Penny Mordaunt enters the race with the backing of 50+ MPs (Image: Reuters)

The crisis in the UK begins after Johnson, the face of the Brexit vote who led his party to a landslide victory in 2019, resigned this year. His successor Liz Truss’s tenure lasted just 44 days before she quit over an economic policy that trashed the country’s economic credibility

Rishi Sunak is set to take over as Britain’s next prime minister after his rival Boris Johnson backed out of the race. As the UK continues to reel from political and economic turmoil, Sunak, the 42-year-old former finance minister, could become Britain’s third prime minister in less than two months.

“The United Kingdom is a great country but we face a profound economic crisis,” Sunak said in a brief statement declaring his candidacy to lead the Conservative Party, and thereby become prime minister.

The latest crisis in the UK begins after Johnson, the face of the Brexit vote who led his party to a landslide victory in 2019, resigned this year. His successor Liz Truss’ tenure lasted just 44 days before she quit over an economic policy that trashed the country’s economic credibility.

The nominations are coming in and they will close on Monday at 2pm (local time). They were declared open on Thursday night. To proceed to the next stage the candidates must have the support of at least 100 Tory MPs. There are 357 MPs in total. If by the deadline at least one candidate earns the support of at least 100 of their colleagues the person will become the next leader of the Tories and the next prime minister of the country.

Here are the latest updates as a new leader will take over as British PM in the coming day:

    • Penny Mordaunt backed out of the PM race and extended her support to Rishi Sunak.
  • Rishi Sunak was in the lead with the support of 193 MPs while Penny Mordaunt was backed by 26 MPs, BBC reported.
  • Former chancellor George Osborne has joined the list of Tories urging Penny Mordaunt to drop out of the contest today.
  • Conservative MP George Freeman, who earlier pledged his support for Penny Mordaunt, urged her to step side and said he will now be voting for Rishi Sunak to be the next prime minister.
  • The head of the Conservative Party’s European Research Group, Mark Francois, said on Monday the grouping was unable to collectively endorse either Rishi Sunak or Penny Mordaunt to be Britain’s next prime minister.

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