Rishi Sunak

Former PM Johnson says “this is simply not the right time” to bid for a return to 10 Downing Street.

In his statement Sunday evening, Johnson claimed he did in fact have the numbers required, and that he was confident of winning sufficient support in the subsequent ballot of Tory grassroots members to put himself back in No. [Zahawi announced 29 minutes](https://twitter.com/nadhimzahawi/status/1584280847141638144) later that he was now backing Sunak instead. 10 — potentially giving him the chance of a comeback. Off to bed!” An hour later he, too, announced he was backing Sunak. Johnson had always made clear he hoped to one day return as prime minister after being ousted back in July. “Boris Johnson delivered Brexit and the great vaccine roll-out,” Sunak said. But most observers believe Sunak is now firmly on course for Downing Street, just seven astonishing weeks after he was roundly defeated by Truss in the last Tory leadership contest. “You can’t govern effectively unless you have a united party in Parliament,” Johnson said. But he said the urgent need for party unity meant he would pull out of the race instead. Senior figures including Chancellor Jeremy Hunt rowed in behind Sunak Sunday evening following Johnson’s departure from the race. prime minister as early as Monday after Boris Johnson sensationally abandoned hopes of a return to No. His decision leaves Sunak, his fierce rival and former chancellor, in pole position to take over as U.K.

Former chancellor of the exchequer Rishi Sunak looks set to become the leader of the British Conservative Party tomorrow after Boris Johnson withdraws from ...

But his public endorsements fell far short of those for Mr Sunak. Please review their details and accept them to load the content. "You have to have stability in order to deliver low tax and you have to have low taxes in order to grow the economy and create that stability. You can't govern effectively unless you have a united party in parliament. Ms Mordaunt said she was a "halfway house" between Ms Truss and Mr Sunak in the last contest and that she could unite the party. "And though I have reached out to both Rishi and Penny - because I hoped that we could come together in the national interest - we have sadly not been able to work out a way of doing this.

Boris Johnson's meek departure from the leadership race last night could have been more different than his dramatic return from his Caribbean holidays on ...

His own statement, in the end, did include a reference to it not being the right time. Deep in the statement there was also a tacit admission that now was not the right time for him. “The zeitgeist of the country is now a very different place from 2019,” observed Blunt. He also claimed he would have had a “very good chance” of success if the party’s 150,000 members voted on Friday, a process that would have been triggered had there been more than one candidate with 100 nominations. By the time he threw in the towel, he had 60 public backers, still 40 short of the 100 required to be on the ticket. “I can confirm that I have cleared the very high hurdle of 102 nominations, including a proposer and seconder, and I could put in my nomination,” he said.

More than 150 Conservative MPs came to view Rishi Sunak as their saviour from the threatened return of a scandal-mired Boris Johnson. But when Sunak was at ...

A broad spectrum of MPs have come out for Sunak, from Suella Braverman and Steve Baker on the right to Bob Neill and Stephen Hammond from the centrist wing, and he will have made many promises in order to extract such support, from Eurosceptics in particular. But if he finds himself as prime minister, possibly as soon as Monday, Sunak will have to find depths of political creativity and diplomacy to deal with a nightmare in-tray. Fast-forward just a few months and Sunak finds himself now cast in the role of Tory messiah by some of his colleagues.

The BBC has been keeping a running total of MPs who have gone on the record with support. The voting intentions of only 204 out of 357 Conservative MPs are ...

He said he was very confident Mr Sunak would stand, adding: "I think the critical issue here is going to be the economy. Pointing to the parliamentary probe facing Mr Johnson, Mr Raab told the BBC: "We cannot go backwards. She stressed the need to "make Brexit work", "focus on the potential of all our citizens" and "defend our Union and its territorial integrity". An ally of former home secretary Suella Braverman told the PA news agency she had been "heavily courted" by both Mr Johnson and Mr Sunak and was likely to decide who to back on Sunday. He told Sky News a large number of Conservative MPs would "refuse to lay down their integrity" in order to defend Mr Johnson on the issue. Mr Baker - an influential MP on the right of the party - said Mr Johnson would be a "guaranteed disaster", and specifically expressed concern

Rishi Sunak looked set to become Britain's next prime minister after Boris Johnson withdrew from the contest on Sunday, saying that although he had enough ...

But the opportunities - if we make the right choice - are phenomenal." Some Johnson supporters could switch to Mordaunt, who has presented herself as the unity candidate, but many immediately switched to Sunak. "The challenges we face now are even greater. Johnson is also still facing a privileges committee investigation into whether he misled parliament over Downing Street parties during Covid-19 lockdowns. Hunt declared his backing for Sunak late on Sunday. "She is the unifying candidate who is most likely to keep the wings of the Conservative Party together," the source said.

Rishi Sunak has just declared he is running to be the next Conservative Party leader and prime minister after days of speculation, during which he amassed the support of well over 100 MPs. In a tweet announcing his candidacy, Sunak writes "the United ...

And I need a leader who will put our house in order and apply a steady, careful hand on the tiller. The momentum is with ex-Chancellor Rishi Sunak. The MP says Johnson "understands the frustration that people had. Who will Penny Mordaunt and her supporters swing behind? Current Chancellor Jeremy Hunt is due to set out his economic plans on 31 October. According to Oddschecker, the likelihood of Sunak becoming PM is 74%. "I think all of us lost our patience over the Partygate issue. He currently has the public endorsement of 146 Tory MPs. But I think he has genuinely learned from those mistakes. "But what we need is a government that will actually tell us honestly there is a reduction in our national standard of living because we've decided to help Ukraine and confront Russia and that means that all of us are going to have to share the burden, we can't just put all of it on our children and grandchildren." Less than 24 hours later – Liz Truss was gone. "I'm confident Boris has got the numbers, I'm confident Boris will be in this contest, and in it to win it," he says.

LONDON — Former British Prime Minister Boris Johnson announced Sunday he will not run to lead the Conservative Party, ending a short-lived, high-profile ...

In his Sunday statement, Johnson insisted he was "well placed to deliver a Conservative victory" in the next national election, due by 2024. "Therefore I am afraid the best thing is that I do not allow my nomination to go forward and commit my support to whoever succeeds." Tory voters backed Truss over Sunak, but he was proved right when Truss' unfunded tax-cutting package triggered chaos in the markets in September. "What we can't do is have him as prime minister in circumstances where he's bound to implode, taking down the whole government ... The prospect of a return by Johnson had thrown the already divided Conservative Party into further turmoil. His withdrawal leaves former Treasury chief Rishi Sunak the strong favorite to become Britain's next prime minister — the third this year — at a time of political turmoil and severe economic challenges.

Boris Johnson 'delivered Brexit and great vaccine roll-out', says Rishi Sunak; Penny Mordaunt on 30 supporters as Sunak secures 165 ahead of 2 pm Monday ...

BBC political correspondent Nick Eardley points out that a lot of people will be paying attention to the last few words in Johnson’s statement last night. Contender Penny Mordaunt, who missed out on the last contest’s run-off by just eight votes, is now under pressure to concede rather than force the contest to a vote of members. She did not reveal anything about where her own bid stands, but this may signal that she is planning to get the backing of MPs who declared their support for Johnson: Angela Rayner, the deputy leader, said: “The Tories are about to hand the keys of the country to Rishi Sunak without him saying a single word about how he would govern. The person coming second (almost certainly Mordaunt) would be under pressure to withdraw at that point, although theoretically the decision could still go to a ballot of members, in which case we would not have a new PM until Friday. Former prime minister Boris Johnson has ended his bid to return to power within months of being ousted, claiming that although he had the numbers, he would not run to replace Liz Truss, who resigned as Conservative party leader on Thursday after just 45 days in office. That is the time when nominations close and Penny Mordaunt, the only other candidate still in the contest, is struggling to collect 100 names. It will be the first time since 1940 that a new PM has taken over for the second time since the previous general election. And it will be the first time since 1834 that the we’ve had three prime ministers in year. And it looks very, very likely that by the end of the day Rishi Sunak will be the next prime minister. I’m Andrew Sparrow, taking over from Helen Sullivan, on a morning when the UK wakes up to learn that one national icon is staging a comeback, but it’s David Tennant as Dr Who (see 6.44am), not Boris Johnson as prime minister. Diwali is a five day festival celebrated by millions of Hindus, Sikhs and Jains across the world.

TORY MPS WILL choose who they want to be their new leader in the first stage of the race for No 10 after Boris Johnson dramatically pulled out of the ...

“There would probably be a run on the pound, that would see interest rates climb (and) mortgages go up as well. If he had stood, he said there was a “very good chance” the members would have voted him back into No 10 by the end of week and that he would have been “well-placed” to lead the party to victory in a general election in 2024. “And though I have reached out to both Rishi and Penny – because I hoped that we could come together in the national interest – we have sadly not been able to work out a way of doing this. Certainly there are some in the party who would like to see an uncontested “coronation” to avoid a repeat of what happened with Liz Truss when the party in the country voted for a leader who did not have the backing of MPs. “Penny is the unifying candidate who is most likely to keep the wings of the Conservative Party together and polling shows that she is the most likely candidate to hold onto the seats the Conservative Party gained in 2019,” the source said. In a statement on Sunday evening, Johnson said there was a “very good chance” he could have been back in No 10 by the end of the week if he had stood.

Rishi Sunak has emerged as the frontrunner in the race to become the UK's next prime minister, after Boris Johnson announced he was not standing.

She will become the shortest-serving prime minister in British history when she stands down. Candidates need the support of at least 100 Tory MPs to progress to the next stage. If two candidates remain and no-one withdraws, Tory party members will make the final decision in an online vote, with the winner declared by Friday "No one voted for this. Off to bed!" Essex MP James Duddridge, who gave the first indication that Mr Johnson was intending to run in the Tory leadership race, simply tweeted: "Well that was unexpected.

Rishi Sunak and Penny Mordaunt are in the race to lead the U.K.'s Conservative Party and Britain, with a deadline of 2 p.m. local time for nominations.

local time to secure the endorsements of at least 100 of their party colleagues in Parliament (out of 357). Contenders to lead the ruling Conservative Party and the country face a deadline of 2 p.m. After former prime minister

Sterling rises after Boris Johnson quits race and former chancellor pulls ahead of rival Penny Mordaunt.

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MP Christopher Chope says there will be continuing rebellions unless Sunak holds general election if he becomes PM.

It also found she was seen as more trustworthy, “highlighting that she is the only candidate who can unite the country and restore trust in government”, her campaign said. We’re going to have continuing rebellions as we try to change policies.” Christopher Chope, the MP for Christchurch and a supporter of Johnson, warned on Monday that Sunak was seen as having undermined Johnson and Truss, and thus could not expect loyalty from Conservative MPs. “Respect is a mutual thing. “Unlike Boris, who did have a mandate, we now have the prospect of having a Conservative party leader who doesn’t have the mandate from the country and won’t even have a mandate from the membership either.” The former prime minister said he had 100-plus MPs backing him but others were sceptical.

Rishi Sunak looks set to become the next U.K. prime minister with results to be announced Monday afternoon.

Pressure had mounted for the short-lived leader to quit after her new finance policies flopped and caused market chaos. Gilt yields fall [Sterling](/quotes/GBP=/) rose and 10-year gilt yields fell to their lowest level in a month in early trade Monday, briefly hitting 3.814%, down 21 basis points for the session. Monday, by which point candidates need to have secured at least 100 nominations from fellow Tory lawmakers to stand as leader of the party. Sunak could be confirmed as the next leader of the Conservative Party and U.K. [Liz Truss announced her resignation](https://www.cnbc.com/2022/10/20/uk-prime-minister-liz-truss-resigns-after-failed-budget-and-market-turmoil.html) Thursday after just 44 days in the role. [a former defense minister](https://www.cnbc.com/2022/07/20/penny-mordaunt-the-navy-reservist-battling-to-succeed-boris-johnson.html), who came behind Sunak in the original contest to take charge of the Conservative Party in September. [current Finance Minister Jeremy Hunt](https://www.cnbc.com/2022/10/17/uks-new-finance-minister-sets-out-.html) and former Finance Minister Sajid Javid, along with current Interior Minister Grant Shapps and his predecessors [Suella Braverman](https://www.cnbc.com/2022/10/19/uks-suella-braverman-to-reportedly-leave-role-as-interior-minister-.html) and Priti Patel. LONDON — Former Finance Minister Rishi Sunak looks set to become the next prime minister of the U.K., with votes to be counted Monday afternoon. [according ](https://news.sky.com/story/boris-johnson-pulls-out-of-conservative-leadership-race-12728576) [t](https://news.sky.com/story/next-prime-minister-uk-latest-boris-johnson-rishi-sunak-truss-mordaunt-12593360) [o Sky News](https://news.sky.com/story/boris-johnson-pulls-out-of-conservative-leadership-race-12728576), while Mordaunt is thought to have around 25, with 357 lawmakers eligible to vote. - Former Finance Minister Rishi Sunak looks set to become the next prime minister of the U.K., with votes to be counted Monday afternoon. [he dropped out of the race](https://www.cnbc.com/2022/10/23/former-uk-pm-boris-johnson-reportedly-pulls-out-of-leadership-race.html) late Sunday. - Former Defense Minister Penny Mordaunt is his only rival after former Prime Minister Boris Johnson pulled out of the race Sunday.

Britain's Conservative MPs will choose who they want to be their new leader in the first stage of the race for No 10 after Boris Johnson dramatically pulled ...

"And though I have reached out to both Rishi and Penny - because I hoped that we could come together in the national interest - we have sadly not been able to work out a way of doing this. "I believe I have much to offer but I am afraid that this is simply not the right time." However he had come to the conclusion that "this would simply not be the right thing to do". If he had stood, he said there was a "very good chance" the members would have voted him back into No 10 by the end of week and that he would have been "well-placed" to lead the party to victory in a general election in 2024. "Penny is the unifying candidate who is most likely to keep the wings of the Conservative Party together and polling shows that she is the most likely candidate to hold onto the seats the Conservative Party gained in 2019," the source said. However his efforts to "reach out" to his rivals - Rishi Sunak and Penny Mordaunt - to work together in the national interest had not been successful so he was dropping out.

Boris Johnson has withdrawn from the race to be Conservative leader, leaving Rishi Sunak within touching distance of becoming prime minister. After senior ...

If Johnson had won, he warned that a political crisis would develop by the end of the week. He suggested the former prime minister would make an “amazing chairman” instead. I believe I have much to offer, but I am afraid that this is simply not the right time.” Labour questioned the appointment of a new prime minister while the country has heard nothing of their programme for government. Sunak is expected to sweep up many more Tory MPs on Monday morning given he has the momentum, but Mordaunt could win over any former Johnson supporters who want to stop him. Many MPs were concerned about the upcoming Perhaps it’s not surprising he’s avoiding scrutiny: after all, he was so bad that just a few weeks ago, he was trounced by Liz Truss.” [Rishi Sunak](https://www.theguardian.com/politics/rishi-sunak) without him saying a single word about how he would govern. “Rishi will be continuing to talk to colleagues tomorrow morning before nomination papers go in, and discussing how best to unite the party and take the country forward,” the campaign source said. She had only 30 public backers by Sunday night – 70 short of the number needed to get on the ballot paper. [Former shadow chancellor] Ed Balls, shadow cabinet ministers and Labour advisers have all said Penny is the candidate Keir Starmer fears the most.” You can’t govern effectively unless you have a united party in parliament.

The former chancellor is the firm favourite to replace outgoing leader Liz Truss after weeks of turmoil.

Former chancellor learns lessons from previous run, distancing himself from Boris Johnson in the process.

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Sterling strengthened today as it found short term relief from the likelihood that former finance minister Rishi Sunak would become Britain's next prime ...

Former prime minister Boris Johnson had raced home from a holiday to see if he could enter the ballot. However, he said yesterday that while he had secured sufficient support to proceed to a vote by Conservative Party members, he realised that he could not govern effectively "unless you have a united party in parliament". Sterling took support today on the news that former finance minister Rishi Sunak is set to become British prime minister after other candidates quit the race to lead the Conservative Party.

The former U.K. Treasury chief was runner-up to Liz Truss in the contest to replace the scandal-plagued Boris Johnson as Conservative Party leader and prime ...

"In the last five years, we've seen ethnic minority chancellors of the Exchequer, home secretaries, foreign secretaries at a remarkable pace. "Ethnic diversity has become a new normal at the top table of British politics," Katwala acknowledges. At 42, he'll also be the youngest prime minister in more than 200 years. — faces enormous economic challenges. Sunak's rise in British politics has been nothing short of meteoric. Sunak will be the first British Asian to become prime minister and the first nonwhite to take the top job.

Rishi Sunak looked set to become Britain's next prime minister after his rival Boris Johnson quit the race, admitting he could no longer unite their party ...

Finance minister Jeremy Hunt - the fourth person in that role in four months - is due to present a budget on Oct. "This decision is an historic one and shows, once again, the diversity and talent of our party," Mordaunt said in a statement as she withdrew from the race just minutes before the winner was due to be announced. After graduating from Oxford University, he went to Stanford University where he met his wife Akshata Murthy, whose father is Indian billionaire N. His successor Truss lasted just over six weeks before she quit over an economic policy that trashed the country's economic credibility. The pound and British government bond prices jumped briefly on news of Mordaunt's withdrawal, but soon returned to their previous levels. Narayana Murthy, founder of outsourcing giant Infosys Ltd.

'Unprecedented times': Penny Mordaunt withdraws from the Tory leadership race to replace Liz Truss.

The chancellor of the exchequer Jeremy Hunt has also come out in recent days to back Mr Sunak. At 42-years-old, the MP for Richmond in York is the youngest prime minister in 300 years and is the first person of colour to be elected to that office. He was an early critic of Ms Truss’s economic policies saying her growth strategy would lead to the economy being crippled. The ERG had considered voting as a bloc. [David McWilliams: Britain, the former workshop of the world, is now a beggar. Despite the compressed timetable for the leadership contest it is clear that colleagues feel we need certainty today.

Rishi Sunak will become the 57th British Prime Minister after he was declared the next Conservative Party leader today.

Sunak received many high-level endorsements from cabinet ministers before being announced as party leader. The backers of Sunak within the Conservative Party have claimed he will provide stability to the economy after the chaos of Truss’ premiership. “I am humbled and honoured to have the support of my parliamentary colleagues and to be elected as leader of the Conservative and Unionist Party. He will also be the first Hindu PM of Asian descent - both of Sunak’s parents are of Punjabi ethnicity and emigrated to the UK in the 1960s. The former Chancellor of the Exchequer was expected to enter a leadership race with Penny Mordaunt but Ms Mordaunt failed to reach the required threshold by the deadline and withdrew from the race this afternoon. Sunak won the backing of an absolute majority of serving MPs and was the sole candidate to reach the required threshold of 100 supporters in the party leadership contest.

A popular former chancellor of the exchequer under Boris Johnson's premiership, Sunak will be the first nonwhite to take the top job and the youngest prime ...

"In the last five years, we've seen ethnic minority chancellors of the Exchequer, home secretaries, foreign secretaries at a remarkable pace. "Ethnic diversity has become a new normal at the top table of British politics," Katwala acknowledges. At 42, he'll also be the youngest prime minister in more than 200 years. — faces enormous economic challenges. Sunak's rise in British politics has been nothing short of meteoric. Sunak will be the first British Asian to become prime minister and the first nonwhite to take the top job.

Almost 200 Tory MPs publicly backed the ex-chancellor, who was elected party leader without a vote.

"This decision is an historic one and shows, once again, the diversity and talent of our party," Ms Mordaunt wrote in a tweet. Mr Sunak will be the fourth consecutive prime minister - after Theresa May, Boris Johnson and Ms Truss - to take power without a general election. Sources told the BBC that Mr Sunak and Mr Johnson met on Saturday as Tory MPs decided who to back in the second Tory leadership contest in four months. Ms Mordaunt took the leadership race to the wire but came under pressure to unite behind Mr Sunak after former Prime Minister Boris Johnson withdrew from the contest on Sunday. Mr Sunak - a 42-year-old practising Hindu - is expected to take office in the coming days now the result of the Tory leadership contest is known. Mr Sunak's coronation, in effect, as Tory leader caps a rapid political comeback by the former chancellor after he lost out to Ms Truss in the last leadership contest during the summer.