A hardliner on Brexit and parliamentary sovereignty, she has pledged to leave the European Convention on Human Rights and to rip the Northern Ireland protocol to shreds. Sunak served as head of Treasury -- formally known as chancellor of the Exchequer -- under Johnson from February 2020 to July 2022. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. October 24th, 2022, 6:24 AM PDT Rishi Sunak, the former Chancellor of the Exchequer, is set to be the UK's next prime minister after his last remaining rival, Penny Mordaunt, pulled out of. The Conservatives do not have to hold one until January 2025. Rishi Sunak to become next UK prime minister amid political turmoil But here are some of the people considered favorites to take over the party leadership. LONDON Rishi Sunak will become British prime minister on Monday after other candidates quit the race to lead the Conservative Party, leaving him with the task of steering a deeply divided country through an economic downturn set to leave millions of people poorer. Her attacks on identity politics, shirkers and the tofu-eating wokerati have positioned her as a standard-bearer of the unflinching Tory right, but her chances of winning are slim. Penny Mordaunt, who lost out to Sunak, said his election was an "historic one and shows, once again, the diversity and talent of our party," she said. Fox News Flash top headlines for October 24. "That's why I am standing to be leader of the Conservative Party and your next prime minister. One of the wealthiest politicians in Westminster, Sunak will become the country's first leader of . Jeremy Hunt, 55, the former foreign secretary whom Mr. Johnson defeated in the last party leadership contest, was at one point the bookmakers favorite for the top job. Pic credits: Getty Images; HM Treasury; Chris McAndrew; Simon Walker; Richard Townshend; David Woolfall; UK Ministry of Defence; UK Parliament, Executive Education: The New Global Order. Delivered on weekdays. How Rishi Sunak Became Prime Minister Of The UK - Grunge Rishi Sunak to become UK's next prime minister Rishi Sunak to become the next UK prime minister after months of turbulence He told his lawmakers in parliament on Monday that they faced an "existential crisis" and must "unite or die". Sunak came to national attention when, aged 39, he became finance minister under Johnson just as the Covid-19 pandemic hit Britain, developing the successful furlough scheme. Rishi Sunak New Prime Minister: UK's First Indian Origin & Son-in-law Many MPs blame Mr Sunak for causing the defenestration of the previous prime minister, Boris Johnson. Legal Statement. With a General Election currently looking likely over the coming year, the odds on the next Prime Minister are fluctuating regularly. He is set to replace Liz Truss, who will become the shortest-serving prime minister in UK history. Although Mr Sunak won more support than Ms Truss among MPs, he remains a divisive figure in Parliament. The contenders to become next Prime Minister and if the Tory leader will resign . Who will replace Liz Truss? The contenders to become next Prime LONDON, Oct 24 (Reuters) - Rishi Sunak will become Britain's first prime minister of colour on Tuesday after he won the race to lead the Conservative Party, tasked with steering a deeply divided country through an economic downturn set to leave millions of people poorer. Aston Villa continued their fine start under Unai Emery by coming from behind to win 2-1 at Brighton & Hove Albion on Sunday as two goals from striker Danny Ings helped them to get their first away victory in the Premier League for six months. "Rishi has my full support. The return of Mr Johnson, Ms Trusss predecessor, would mark one of the most unlikely comebacks in British political history. Rishi Sunak to become UK's next prime minister Pamela Wong, MD on LinkedIn: Rishi Sunak will become the next U.K Many Conservative lawmakers appeared relieved that the party had at least selected a new leader quickly. Rishi Sunak is due to become the UK's next prime minister after the chaotic departure of Liz Truss. Rishi Sunak, 42, the former chancellor of the Exchequer whose resignation on Tuesday dealt a heavy blow to Mr. Johnson, has long been seen as a potential party leader, gaining popularity through his role in delivering aid packages for businesses and individuals during the pandemic. Eight of the candidates on the original ballots have been whittled down to five, with Suella Braverman, Nadhim Zahawi and Jeremy Hunt being eliminated. He told the country it faced a "profound economic challenge". Sunak to be appointed UK's PM on Tuesday: Downing Street. Photo credit: BBC. LONDON, Oct 24 (Reuters) - Rishi Sunak will become Britain's first prime minister of colour on Tuesday after he won the race to lead the Conservative Party, tasked with steering a deeply. Mr Wallace was a favourite among party members during the early days of the previous leadership contest but chose not to stand, instead endorsing Ms Truss and criticising Mr Sunak for his part in Boris Johnsons undoing. She ostensibly resigned over a security breach on October 19th, after she sent official information using a private email account, but the root cause of her departure was disagreement with Ms Truss over the governments direction. The former finance minister won a vote of MPs after Truss's economic plans left. The decreasing popularity has created a room for the UK's Finance Minister Rishi Sunak. Mordaunt was the last remaining obstacle to Sunak becoming the U.K.'s next prime minister after former Prime Minister Boris Johnson dropped out of the race on Sunday evening. Liz Truss will become UK's next prime minister after beating Rishi All rights reserved. Johnson, who had announced his intention to resign two months ago, formally stepped down during an audience with Britain's Queen Elizabeth II at Balmoral Castle in Scotland on Tuesday morning. Economists and investors welcomed Sunak's appointment, but questioned whether he can tackle the country's finances while holding the party's warring factions together. She is a committed Brexiteer and a vigorous battler against identity politics: a speech of hers in the House of Commons in 2020 decrying critical race theory is a favourite among party members. Liz Truss will become the next prime minister after defeating Rishi Sunak in the Conservative Party leadership contest. Indian-origin Rishi Sunak will become UK's next Prime Minister after rivals drop out of race The former Treasury chief will be Britain's first leader of color, and faces the task of. Here are the contenders to become the next prime minister. All rights reserved. Spice up your small talk with the latest tech news, products and reviews. All rights reserved. He will be the first British Asian prime minister and is widely tipped as a future leader of his . Historian and political biographer Anthony Seldon told Reuters that Sunak had the most difficult economic and political inheritance of any British leader since World War Two, and would be constrained by the mistakes made by his predecessor Truss. Race to be next UK PM begins as momentum grows behind Boris Johnson Powered and implemented by FactSet Digital Solutions. The current bookies favourite, who is very much on the charm offensive (see: his wife - who recently found herself at the centre of a 'CBA to pay my taxes' scandal - giving reporters . Who will replace Boris Johnson as the next Prime Minister? - Cosmopolitan Anyone can read what you share. He replaces Liz Truss, who only lasted 44 days before she said she would resign, needing to restore stability to a country reeling from years of political and economic turmoil and seeking to lead a party that has fractured along ideological lines. Market data provided by Factset. At the age of 42, Sunak will be one of the youngest prime ministers. Rishi Sunak will become the UK's next prime minister after Conservative leadership rival Penny Mordaunt dropped out of the race at the last minute. Mutual Fund and ETF data provided by Refinitiv Lipper. Boris Johnson pulls out of race to become the next UK Prime Minister Boris Johnson confirms he won't join the race to become UK's next prime Candidates needed to secure 100 supporters from within the Tory party by Monday afternoon, but Mordaunt's campaign only reported 90. Powered and implemented by FactSet Digital Solutions. Truss, until now the U.K.'s . After rushing back to London from a holiday abroad to canvas support, Mr Johnson announced on October 23rd that he would not run for the leadership. (AP pic) LONDON: Rishi Sunak will become British prime minister today after . All quotes delayed a minimum of 15 minutes. Rishi Sunak will become next Tory UK prime minister Quotes displayed in real-time or delayed by at least 15 minutes. Rishi Sunak is front-runner to be Britain's new prime minister after He resigned his office two days before Johnson stepped down. REUTERS/Maja Smiejkowska. Sajid Javid, 52, the former health secretary whose departure on Tuesday alongside Mr. Sunak helped set off an avalanche of government resignations, has held a number of cabinet positions under both Mr. Johnson and his predecessors Theresa May and David Cameron. Our Standards: The Thomson Reuters Trust Principles. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Liz Truss Defeats Rishi Sunak To Become The Next Prime Minister Of Yet he is seen by many as a proven election-winner. Fox News Flash top headlines are here. Rishi Sunak to become next UK prime minister - Business Daily Truss, aged 47, will become the third female PM in British political history after travelling to meet the Queen at Balmoral in Scotland on Tuesday. Source: The Wall Street Journal. He will also be the first person of color and the first Hindu to hold the office. The task will be helped by a recovery in the bond market, with the 30-year gilt , which suffered unprecedented losses after the mini-budget on Sept. 23, now recovered to levels close to those seen early on that day. During her brief time in office Ms Truss appointed her as leader of the House of Commons. Will Rishi Sunak make history on September 5 and become UK's new prime He was born in Iraq in 1967 and emigrated to Britain with his family. She was eventually eliminated in the fourth ballot among MPs, after attracting 59 endorsements from colleagues. According to the latest poll, nearly half of all conservatives think that Rishi Sunak would be a better PM compared to Johnson. Rishi Sunak is to become the UK's next Prime Minister, the third in three months.. . Who will be the UK's next prime minister? - AnalystNews Legal Statement. Ms Bravermans time in Liz Trusss government was marginally shorter than that of the prime minister herself. Rishi Sunak will become the United Kingdom's new prime minister after winning the ruling Conservative Party's leadership contest, which was triggered by the resignation of Liz Truss last. "There will be integrity, professionalism and accountability at every level of the government I lead and I will work day in and day out to get the job done," he said in a statement. Rishi Sunak is Britain's former Chancellor of the Exchequer and a contender to become the country's next Prime Minister and leader . Although he is known as a diligent administrator, the anger around his wifes non-domiciled tax status suggests that he may lack the political nous to keep a fractured party and country together. Rishi Sunak has become Britain's third prime minister within 50 days, after Liz Truss and Boris Johnson were forced to resign. LONDON -- Liz Truss became the prime minister of the United Kingdom on Tuesday, shortly after Boris Johnson formally resigned. 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