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Sunak wins Conservative Celebration management contest days after the dramatic resignation of Liz Truss as prime minister.
Rishi Sunak will grow to be the UK’s new prime minister after successful the ruling Conservative Celebration’s management contest triggered by the dramatic resignation of Liz Truss final week.
Sunak’s win on Monday got here days after Truss’s resignation following her disastrous tax cuts plans and coverage U-turns plunged the markets into chaos. The unprecedented financial disaster drew a uncommon intervention from the Financial institution of England.
Sunak’s solely challenger, Penny Mordaunt, chief of the Home of Commons and former defence minister, was reportedly backed by 30 MPs in contrast with almost 150 supporting Sunak.
Sunak and Mordaunt had misplaced to Truss in an earlier race to nominate a brand new chief after then-Prime Minister Boris Johnson was compelled to announce his resignation in July following a wave of scandals linked to events entertained throughout the coronavirus lockdown.
Whereas there have been rumours over a Johnson’s comeback over the weekend, he pulled out of the competition on Sunday.
He stated late on Sunday that he had secured the backing of 102 legislators and will have been “again in Downing Avenue”, however that he had failed to steer both Sunak or the opposite contender, Mordaunt, to return collectively “within the nationwide curiosity”.
“I consider I’ve a lot to supply however I’m afraid that that is merely not the fitting time,” Johnson stated.
Extra to observe.