Ex-chancellor announces candidacy for Tory leadership contest as allies of Boris Johnson say he is planning to run.
I will be supporting him to return to the role of PM.” Speaking on Sky News, Green said of Johnson: “We saw what happened last time and how the government literally fell apart. “I am asking you for the opportunity to help fix our problems. I think he’d make an amazing chairman of the party … But the opportunities – if we make the right choice – are phenomenal,” he said. I mean, if he wants to come back as prime minister, he would need to do it after this privileges issue is settled. This was further fuelled on Sunday after Johnson tried to persuade Mordaunt to stand down and lend him her support, having tried to do the same with Sunak on Saturday night. Yes, I want a leader of our party and our country to inspire hope for a better future and raise our spirits. In a statement, Cleverly said: “The last few weeks show that being PM is tough and no other job in government is quite like it. I want to fix our economy, unite our party and deliver for our country.” And I need a leader who will put our house in order and apply a steady, careful hand on the tiller. That’s why I am standing to be leader of the Conservative party and your next prime minister.
Britain's former finance minister made it to the final round in the race to succeed Boris Johnson before losing to Liz Truss in September.
And some critics, like former Conservative Party leader [Iain Duncan Smith](https://www.telegraph.co.uk/politics/2022/07/17/sir-ian-duncan-smith-rishi-sunak-blame-high-inflation/), have noted that the U.K.’s record-high levels of inflation began during Sunak’s time as chancellor. Like his boss, Sunak was [fined by London’s Metropolitan Police](https://www.washingtonpost.com/world/2022/04/12/partygate-fines-downing-street/?itid=lk_inline_manual_14&itid=lk_inline_manual_21&itid=lk_inline_manual_43&itid=lk_inline_manual_37) while in office for attending gatherings at 10 Downing Street while Britons were under severe government-imposed [coronavirus](https://www.washingtonpost.com/coronavirus/?itid=lk_inline_manual_43&itid=lk_inline_manual_37) lockdown restrictions. One of the wealthiest British politicians, he is married to the Indian tech heiress Akshata Murthy, whose tax status caused Sunak some political A relative unknown before his promotion in 2020 to be Johnson’s finance minister, Sunak has since developed a reputation for attention to fiscal detail and taking a pragmatic approach to managing the country’s finances, an image he established by steering the country through the economic chaos unleashed by the coronavirus pandemic. That person, for me, is Rishi Sunak,” she wrote in the Sunak loyalists also pointed out that during the leadership contest against Truss this summer, his candidacy received the most support from his parliamentary colleagues. Sunday’s announcement made Sunak the first — and, so far, the only — formally declared candidate to have collected the 100 nominations from fellow lawmakers required by 2 p.m. It is the second time in less than four months that Sunak, 42, has vied for the role. In a He was born in Southampton, England, to parents of Indian origin who emigrated from East Africa. If ultimately victorious, Sunak would become the country’s first prime minister of A fast-paced leadership contest in Britain is an unpredictable sport.
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.
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.
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 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.
He also claimed he had secured 102 nominations from Conservative Party members — 100 nominations are needed to qualify for leadership — but BBC News had only ...
Supporters say he is a vote winner and has enough support from lawmakers, but many critics warn that another Johnson government would be catastrophic for the party and the country. "What we can't do is have him as prime minister in circumstances where he's bound to implode, taking down the whole government ... 10 and the country better," Zahawi said. The new leader is due to be selected by Friday. If all three meet the threshold, lawmakers will vote to knock out one and then hold an indicative vote on the final two. Baker noted that Johnson still faces an investigation into whether he lied to Parliament while in office about breaking his government's own coronavirus restrictions during parties at Downing Street. On Sunday, he confirmed he was running again in the latest leadership contest. "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," Sunak said in a statement. Business Secretary Jacob Rees-Mogg told the BBC on Sunday that he spoke with Johnson and "clearly he's going to stand" after flying back to London Saturday from a vacation in the Dominican Republic. [Boris Johnson](https://www.cbsnews.com/news/boris-johnson-returns-uk-rumors-he-will-run-british-prime-minister/) said in a statement Sunday that he would not seek the leadership of the Conservative Party, leaving former Treasury chief Rishi Sunak as the frontrunner to take over after [Liz Truss](https://www.cbsnews.com/news/liz-truss-resigns-as-uk-prime-minister-today/) hastily announced her exit last week, after just 45 days at the helm. [BBC News](https://www.bbc.com/news/live/uk-politics-63327087), Johnson insisted in the statement "I believe I am well placed to deliver a Conservative victory in 2024." [runner-up after Truss](https://www.cbsnews.com/news/liz-truss-britain-prime-minister-cost-of-living-action/) in this summer's Tory leadership race to replace Johnson after he was forced out by a string of ethics scandals.
Former British prime minister Boris Johnson has announced he will not run to lead the Conservative Party, ending a short-lived attempt to return to the ...
If found guilty, he could be suspended as a politician. There's only two left in the running. Northern Ireland minister Steve Baker, a former backer of Johnson and a politician within the Conservative Party, warned a comeback from Mr Johnson would be a "guaranteed disaster." However, in a statement released on Sunday night, local time, Mr Johnson said that he had pulled out of the race, saying he realised the country and the Conservative Party needed unity. The Conservative Party aims to finalise nominations Monday and install a new prime minister within a week - The former British Prime Minister announced he will not run to lead the Conservative Party
Rishi Sunak said any government he led would be focused on integrity, professionalism and accountability.
[Latika Bourke](/by/latika-bourke-11tkbl)is a journalist for The Sydney Morning Herald and The Age, based in London.Connect via One of Truss’ key attack lines during the summer leadership campaign was that the former chancellor had breached manifesto promises when he raised taxes to cover COVID-19 pandemic costs. and I could put my nomination in tomorrow,” he said. Voting begins on Monday. “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.” “But in the course of the last [few] days I have sadly come to the conclusion that this would simply not be the right thing to do.
Former UK Chancellor Rishi Sunak is the front-runner to become the next British Prime Minister, as he formally announced his leadership bid.
Boris Johnson, who resigned as PM in July, is still mulling a run.
Incredibly, Truss also served during the reign of two monarchs–the first to do so [since Winston Churchill](https://www.republicworld.com/world-news/uk-news/liz-truss-becomes-the-first-uk-pm-to-have-served-two-monarchs-since-winston-churchill-articleshow.html). [14:00 BST on Monday](https://www.bbc.com/news/uk-politics-63361384); if only one candidate emerges with 100 nominations, a new prime minister could be announced late Monday. Oz’s Senate Campaign](https://www.vanityfair.com/news/2022/10/dr-oz-dog-killing-pennsylvania-senate-race?itm_content=footer-recirc&itm_campaign=more-great-stories-101122)? [Gisele Bündchen’s New Chapter](https://archive.vanityfair.com/article/2009/5/and-god-created-gisele?itm_content=footer-recirc&itm_campaign=more-great-stories-101122)(2009) [Marriage Problems](https://www.vanityfair.com/style/2022/10/tom-brady-gisele-bundchen-10-year-old-marriage-problems-going-on-forever-divorce?itm_content=footer-recirc&itm_campaign=more-great-stories-101122)Are Reportedly “10 Years Old” That’s why I’m standing to be your next Prime Minister of the Conservative Party.” He added that he aims to “fix our economy, unite our party, and deliver for our country.” [Best Horror Movies](https://www.vanityfair.com/hollywood/2022/10/best-horror-movies?itm_content=footer-recirc&itm_campaign=more-great-stories-101122)to Keep You Up at Night He made a statement on Twitter: “The choice our Party makes now will decide whether the next generation of British people will have more opportunities than the last. [Lizzo Is Here to Talk About All of It](https://www.vanityfair.com/style/2022/10/lizzo-is-here-to-talk-about-all-of-it?itm_content=footer-recirc&itm_campaign=more-great-stories-101122)—That Flute, That Lyric, Her Man, and More [series of resignations in her cabinet, skyrocketing inflation, and widening party divides.](https://www.vanityfair.com/news/2022/10/liz-truss-britain-another-prime-minister-resignation-boris-johnson) “ [I cannot deliver the mandate](https://www.vanityfair.com/news/2022/10/liz-trusss-uk-prime-minister-resigns) on which I was elected by the Conservative Party,” Truss said on Thursday. [originates](https://twitter.com/RishiSunak/status/1584114970723512321) from. [Sunak came before he confirmed](https://www.reuters.com/article/britain-politics-sunak-idAFKBN2RI05E) on Sunday that he [was officially running for](https://www.washingtonpost.com/politics/sunak-leads-in-race-for-uk-leader-johnson-yet-to-declare/2022/10/23/f91c339a-52bc-11ed-ac8b-08bbfab1c5a5_story.html) prime minister.
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.
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.
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
GBP rises as Rishi Sunak poised to become UK prime minister.
[Pearson](/au/shares/markets-shares/pearson-plc-PSON-UK) and [Philips](/au/shares/markets-shares/koninklijke-philips-electronics-nv-PHG-NL). [Natural gas](/au/commodities/markets-commodities/natural-gas) is testing three-month support. No representation or warranty is given as to the accuracy or completeness of this information.
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.
Rishi Sunak took a huge step toward becoming the UK's next prime minister as former premier Boris Johnson pulled out of the contest after a weekend of ...
The former chancellor is the firm favourite to replace outgoing leader Liz Truss after weeks of turmoil.
Rishi Sunak ran for Britain's top job and lost. Now he has another shot -- and the chance...
The practice was legal, but it looked bad at a time when Sunak was raising taxes for millions of Britons. Sunak was cleared of wrongdoing, but the revelations still hurt. "I grew up working in the shop, delivering medicines," he said during the campaign. He also faced questions about his finances and those of his wife. Sunak was born in 1980 in Southampton on England's south coast to parents of Indian descent who were both born in East Africa. The near-simultaneous resignations of Sunak and Health Secretary Sajid Javid on July 5 set off a chain reaction.
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 is set to become the first British prime minister of Indian heritage after winning the Conservative Party's leadership.
In September, Mr Sunak was runner-up to Ms Truss in the last Conservative leadership contest. - Rishi Sunak will be appointed Britain's 57th prime minister after securing the leadership of the Conservative Party Rishi Sunak is set to become the first British prime minister of Indian heritage after winning the Conservative Party's leadership.
Former chancellor has previously said his faith gives him strength and purpose and is part of who he is.
They migrated to the UK in the 1960s. “But in other ways it is unremarkable, little commented on, and that is one of the great things about the United Kingdom – that we are able to get along. But Tariq Modood, professor of sociology, politics and public policy at the University of Bristol, said: “Whatever his political views, Sunak becoming prime minister is a historic moment for multiculturalism and racial equality. But the majority of ethnic minorities continue to vote Labour. It was one of my proudest moments of the job that I had for the last two years,” It celebrates new beginnings and the triumph of good over evil and light over darkness.
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.
His wife, Akshata Murty, is the daughter of a billionaire; their garden parties are one of the hottest tickets in their home town.
Between 2018 and 2019 he served as parliamentary undersecretary of state for local government, before entering cabinet in 2019 as chief secretary to the Treasury. These include a Grade II-listed manor house in the village of Kirby Sigston, near Northallerton, in his Richmond constituency, which was bought for £1.5m in 2015; and a five-bedroom townhouse in South Kensington, London, which records show was last sold for £4.5m in 2010. Murty runs her own fashion label, Akshata Designs, and is also the director of a venture capital firm founded by her father in 2010. He was re-elected in 2019 with a majority of 27,210. Their two children, Krishna and Anoushka, appeared with Sunak on the campaign trail in the leadership contest against Liz Truss during the summer. Sunak was born in Southampton in 1980 to Indian parents who had moved to the UK from east Africa.
Rishi Sunak, 42, has been named the Conservative Party's new leader and will become the UK's first prime minister of Asian descent.
“Race is one of those things that you notice at first when you get to know the person ... [Latika Bourke](/by/latika-bourke-11tkbl)is a journalist for The Sydney Morning Herald and The Age, based in London.Connect via She pulled out of the race one minute before deadline. His rival, Penny Mordaunt, confirmed she did not have the 100 MPs required to nominate. “We face a profound economic challenge. “And because the Conservative Party has had people of colour in all the top jobs of government in recent years, and now including the prime minister, the people who would really worry about colour would not vote conservative anyway. “He’ll be good actually, he needs more experience, he’s bound to make a few tactical mistakes early on, but he’ll get the hang of it - as his life shows, he gets the hang of everything.” “It is the greatest privilege of my life to be able to serve the party I love and give back to the country I owe so much to,” he said. “I’m quite excited about this,” he said, praising Sunak as the first Conservative leader since Cameron with a grasp of economics. Mordaunt, who had cast herself as a “halfway house” between Sunak and Johnson, failed to reach 100, leaving Sunak the only contender. It is a monumental turnaround for the former chancellor who quit Boris Johnson’s cabinet in July and launched a leadership bid, only to lose to Liz Truss in a vote of party members. “Rishi Sunak is therefore elected as leader of the Conservative Party.”
Rishi Sunak now looks set to become prime minister, assuming Penny Mordaunt either doesn't find 100 MPs to nominate her or decides not to run if she does.
And a message about the success of the project of the United Kingdom. We’ll know by 2.05pm if we’re seeing a fight or a coronation (I reckon it will be five minutes after the meeting of Tory MPs starts for Graham Brady to say which). No: his windfall taxes and his decision to break the manifesto pledge on tax rises displayed a worrying inconsistency. He is one to recognise and (if necessary) make a one-man fight against wrong received wisdom: he not only has the mental tools to defy a wrong orthodoxy but the willingness to use them. Now, does all of the above mean I think his premiership is a guaranteed triumph? Whether he’ll push through the radical welfare reform needed to remedy this is another question but at least he knows the problem. Sunak has a clearer grasp of finance than anyone to sit in No. - He’s organisationally highly competent: the opposite of blustering Boris and accident-prone Truss. Sunak had a Bloomberg terminal on his desk to follow the metrics from which such papers are drawn. It has all happened at such speed that there may need to be a couple of days for things to settle down before he moves to No. - At a time when market-literacy is at a premium, we’d have the most market-literate PM in history. So this may be a window to consider the case for hope.
Former Brexit Leader Nigel Farage says Rishi Sunak, the top contender for the UK prime ministership, is “very, very dull” and “doesn't connect with ordinary ...
In December 2019, nearly 14 million people voted for Boris Johnson to become prime minister of Britain. Last month, 140,000 Tory members voted for Liz Truss ...
He thought both were hopeless: “One of the dominant facts in English life during the past three-quarters of a century has been the decay of ability in the ruling class.” Sunak, the third British prime minister since early September, and the second without a mandate from the voters, will struggle to prove Orwell wrong. To those sensitive to the exquisite vibrations of the British class system, this makes him “new money.” By contrast, Boris Johnson—a scholarship boy at Eton who even got a Conservative donor to pay for the celebratory [barbecue](https://www.standard.co.uk/insider/boris-johnson-carrie-wedding-details-daylesford-house-braai-savannah-miller-b1016110.html) at his third wedding—has always postured as “old money.” [non-dom](https://www.theguardian.com/politics/2022/apr/06/rishi-sunaks-wife-claims-non-domicile-status)”—a foreign national who paid a £30,000 flat fee in lieu of millions of pounds in income tax on earnings outside Britain—nearly sank her husband’s political career. Does he have any idea how to improve either Britain’s terrible productivity figures or his party’s own [terrible poll ratings](https://twitter.com/PME_Politics/status/1584586899200831490?s=20&t=VZfkl5cwIVAPifqznXRtLw)? He wears his [designer ](https://www.standard.co.uk/news/uk/rishi-sunak-budget-photoshoot-slippers-flip-flops-palm-angel-b962640.html) [slides](https://www.standard.co.uk/news/uk/rishi-sunak-budget-photoshoot-slippers-flip-flops-palm-angel-b962640.html) with white socks. “England was ruled by an aristocracy constantly recruited from parvenus,” George Orwell wrote in The Lion and the Unicorn, of the first half of the 20th century. And the third was Boris Johnson—yes, that Boris Johnson, of the haystack hair and grudge against monogamy, a man whom many of these same MPs had declared to be unfit for office only three months previously. The breakout star of the last leadership election was Kemi Badenoch, who lived in Nigeria until she was 16. Having settled in Southampton, an unremarkable port city in southern England, his mother became a pharmacist and his father a family doctor. Let me be clear about how cringe he can be: The 42-year-old once told a pair of schoolboys that he was a “ By insisting that any potential candidate had to be nominated by 100 of their 356 colleagues, the Tories’ “ At the time, the Conservatives were failing to attract nonwhite voters whose attitudes and circumstances should have made them natural Tories.
Following his uncontested run at the top job, Rishi Sunak acquires the less-than-coveted title of second successive un-elected British prime minister to ...
In the difficult waters of British and indeed international politics, all eyes will be watching to see how well the bridge stands. Her shares in her father’s company make her one of the richest women in the UK. In Liz Truss’s administration, ethnic minority politicians held three of the key posts: chancellor of the exchequer, home secretary and foreign secretary – albeit only for a short while. Instead of returning to India, many settled in the US, Canada and the UK. While this was the view of one caller on a radio show, such views are a reminder that some people still don’t accept British Asian identity to be truly British. In some ways, the Conservative party has a lot to be proud of when it comes to promoting ethnic minority colleagues. After graduating he entered the world of investment banking, landing a job with Goldman Sachs before going to Stanford University in the US to complete an MBA. Many Indian immigrants and their descendants remain in East Africa today, but significant numbers left in the second half of the 20th century. Sunak was born in the southern English port city of Southampton in 1980. Indians share a long history with African traders in the Indian Ocean region – links that were strengthened in the 19th century. Following his uncontested run at the top job, Rishi Sunak acquires the less-than-coveted title of second successive un-elected British prime minister to take office in 2022. They were born and brought up in present-day Kenya and Tanzania, respectively, before moving to the UK.
Sunak is 42, a year younger than Tony Blair was in 1997, who was the same age as David Cameron when he entered Downing Street in 2010. Cameron has held the ...
The announcement at the 1922 Committee on Tuesday meant he was named prime minister on Diwali, the festival of lights, which Sunak marked on the doorstep of 11 Downing Street when he was chancellor. Sunak is the UK’s first prime minister of south Asian descent, with both of his parents of Punjabi Indian background, from Kenya and Tanzania. William Pitt the Younger befits his name as he is the youngest man to ever hold the position when he became prime minister in 1783 aged 24.
Sunak, one of the wealthiest politicians in Westminster, will be asked to form a government by King Charles.
Angela Rayner, deputy leader of the opposition Labour Party, said the Conservatives had “crowned Rishi Sunak as prime minister without him saying a single word about how he would run the country and without anyone having the chance to vote”. 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. Other Conservatives say he is too rich to understand the day-to-day economic pressures building in the UK, and question whether he could ever win an election for a party that has been in power for 12 years. Sunak will step up to lead the UK as it heads for one of the toughest downturns in decades. He told the country it faced a “profound economic challenge”. Sunak, one of the wealthiest politicians in Westminster and set to be the country’s first prime minister of Indian origin, will be asked to form a government by King Charles, likely on Tuesday, to replace Liz Truss, the outgoing leader who only lasted 44 days in the job before she resigned.
In just seven years, Rishi Sunak has gone from a little-known Conservative MP, to COVID-19 chancellor, to backbencher, and now, Britain's first Hindu prime ...
[Sunak paid the $89 fine for breaching COVID-19 lockdown rules](https://www.businessinsider.com/boris-johnson-rishi-sunak-fined-attending-lockdown-breaching-parties-2022-4), and said that he "deeply regrets the situation and anger caused and I am sorry". "The challenges we face now are even greater. "I was just out with my younger siblings, we were out at a fast food restaurant and there were people sitting nearby ... "British Indian is what I tick on the census, we have a category for it. She loves her country like I love mine," Sunak said. [Akshata Murthy reversed course and promised to pay tax](https://www.theguardian.com/politics/2022/apr/08/rishi-sunak-akshata-murty-us-green-cards) in the future out of a "British sense of fairness". [ Truss by one of the slimmest margins in Conservative Party history](https://www.telegraph.co.uk/politics/2022/09/05/liz-truss-elected-tory-leader-narrowest-margin-record/). "My parents emigrated here, so you've got this generation of people … And it stung," he said. ["I will never get taxes down in a way that just puts inflation up," he said](https://www.theguardian.com/politics/2022/jul/31/rishi-sunak-pledges-20-tax-cut-by-end-of-decade-in-last-gasp-pitch-to-members), promising to "always be honest about the challenges we face." But other encounters are not as easily brushed off. [a status he shared with the vast majority of his colleagues](https://www.theguardian.com/education/2019/jul/25/two-thirds-of-boris-johnsons-cabinet-went-to-private-schools) — was a sign of a ["bit of latent racism" in certain corners of the party](https://www.thetimes.co.uk/article/even-boris-johnson-feels-sorry-for-struggling-rishi-sunak-qzhx3rm65).
The UK's incoming prime minister Rishi Sunak vowed "stability and unity" at a time of economic crisis, after he was named the Conservative Party's new ...
In there, he showed a capacity to marshal the whole party." Among the many messages of support, he received "warmest congratulations" from Indian leader Narendra Modi. Penny Mordaunt, who lost out to Mr Sunak, said his election was an "historic one and shows, once again, the diversity and talent of our party," she said. He told the country it faced a "profound economic challenge". UK government bonds rallied aggressively in the run-up to Sunak's victory, and extended their gains on Monday. Mr Sunak (centre) will be appointed prime minister by King Charles on Tuesday.
New Tory leader says he will put an end to party's psychodrama and focus on 'policies not personalities'
Sunak told MPs “we’ve got time before the next election” but said this was their last chance. Michael Gove, who made a series of calls to wavering MPs for Sunak over the weekend, is also tipped for a return. The message we heard was about going forward – as a party and a government this is about the future and shaping the future. We will play the hand we have got, but it is not an inevitable threat we face … “The Tories have crowned Rishi Sunak as prime minister without him saying a single word about how he would run the country and without anyone having the chance to vote,” she said. In a remarkably brief statement on his election, Sunak said the country would “face a profound economic challenge … Simon Hoare, a longtime Sunak backer, said: “He said we could not pretend the last few weeks and months had been easy or edifying or helpful. Jeremy Hunt is expected to stay on as chancellor though Sunak has not made a direct commitment. Mordaunt has told allies she is expecting a “big job” – potentially foreign secretary. His victory was assured shortly before 2pm when his only remaining rival, Penny Mordaunt, [narrowly failed](https://www.theguardian.com/politics/2022/oct/24/penny-mordaunt-was-fewer-than-10-mps-shy-of-making-ballot-against-rishi-sunak) to attract the required 100 nominations from Conservative MPs. Others in line for a return to the cabinet include Sunak’s closest ally, Oliver Dowden, the former party chairman, and the former home secretary Suella Braverman, who became an influential Sunak backer over the weekend. His allies briefed he would reach across the party, in stark contrast to the divisive purges of Liz Truss or Boris Johnson.
The UK newspaper front pages lay out the difficult path ahead for the incoming PM, and question the validity of his victory.
Under a picture of Sunak receiving a heroes welcome at the Conservative head office in London, the paper’s deputy political editor reports that he told MPs he would “put an end to the Conservative psychodrama” and “prioritise ‘policies not personalities’”. The main image shows Sunak holding a lightsaber. The Financial Times focuses on the economic challenges that lie ahead for the new prime minister and says that the “markets look forward to ‘dullness dividend’ in the wake of Truss turbulence”. Under the headline “A new dawn for Britain” the paper says that the “Tory party fightback starts here”. “He will also make history as the first Hindu to lead the country”. The story also notes that “he will become the third Conservative prime minister in under two months and the fifth in six years.”
The new residents of No. 10 Downing Street will be richer than those in Buckingham Palace.
“I will now pay UK tax on an arising basis on all my worldwide income, including dividends and capital gains, wherever in the world that income arises. “We now need stability and unity and I will make it my utmost priority to bring our party and our country together,” he said. She relinquished the status after intense backlash. The list placed them as the 222nd richest people in Britain. [dramatically dropped out ](https://www.news.com.au/world/europe/boris-johnson-dramatically-pulls-out-of-uk-prime-minister-race/news-story/7127390c971320ffb0a6be397173cb41)of the race as well. New to Flash? “I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family,” Ms Murty said in a statement. Mr Sunak won’t only be one, if not the, richest UK prime ministers in history, he will also be the first prime minister of colour and the youngest person to take office in more than 200 years. [Rishi Sunak](https://www.news.com.au/world/rishi-sunak-to-become-the-uks-next-prime-minister/news-story/d44e07b8639a99ff5e5c39f88f86fea5), who will become the UK’s new Prime Minister, and his wife Akshata Murty have an estimated fortune of £730 million ($A1.3 billion), according to the [Sunday Times ](https://www.thetimes.co.uk/article/rishi-sunak-akshata-murty-net-worth-sunday-times-rich-list-86ls8n09h) [2022 Rich List](https://www.thetimes.co.uk/article/rishi-sunak-akshata-murty-net-worth-sunday-times-rich-list-86ls8n09h). They have a property portfolio of four homes worth an estimated £15m ($A26.7m), including a penthouse in Los Angeles overlooking the beach where Baywatch was filmed, according to The Guardian. Narayana Murthy is the founder of tech giant Infosys and at the time the Rich List was published in July, Ms Murty owned a stake worth about £690m ($A1.2b). King Charles III and Camilla, Queen Consort’s weath is estimated to be between £300m ($A536m) and £350m ($A626m), according to The Guardian.
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.
Sunak is the first person of colour to take the top post. But he faces a host of problems at home, as well as a Conservative Party tearing itself apart.
The party is behaving like one that has only the slimmest of majorities and is on its way out. Sunak’s premiership may well be a case of the band playing on. This issue has weakened the centre left for a couple of decades. But this may only prolong the pain and defer a significant loss of seats whenever the next election arrives. Now such divisions seem to be affecting the right of politics too. How Sunak manages this coming “ [winter of discontent](https://academic.oup.com/liverpool-scholarship-online/book/43198)” will define his premiership. His legitimacy with the electorate is not as strong as it could be given that he is the third Conservative leader and PM since the last election in 2019. The Conservatives are seen as a party of – and for – the wealthy. It has not lived up to the over-inflated expectations of its most ardent boosters. The cost of living and energy crises will be the foremost political and economic challenges, but the B-word (Brexit) still casts a shadow. This will matter for perceptions of the new PM among the wider electorate. Much of the credit can go to David Cameron’s attempts to modernise the Conservative party in the mid-2000s.
Ultra rich, young and the first person of colour to become UK prime minister, Rishi Sunak will also make history as the first practising Hindu to lead the ...
[multiple crises lie in Sunak’s in-tray](https://www.theguardian.com/politics/2022/oct/23/most-pressing-issues-next-tory-pm-rishi-sunak-penny-mordaunt-boris-johnson-conservative). As the Guardian wrote in its [editorial](https://www.theguardian.com/commentisfree/2022/oct/24/the-guardian-view-on-rishi-sunak-profits-in-the-city-austerity-in-the-country) after he won the leadership, “Sunak seems intent on turning off household support for energy bills next April. [so, so, so many](https://www.theguardian.com/education/2017/feb/23/ppe-oxford-university-degree-that-rules-britain) before him. Sunak has gone from MP to prime minister in just seven years – faster than any other PM in the modern era. Sunak’s path to the top wasn’t all smooth. They own four properties spread across the world and valued at more than £15m. The couple married in her home town of Bengaluru in a two-day ceremony in 2009 attended by 1,000 guests. Without that non-dom status she could have been liable for more than £20m of UK taxes on these windfalls, it was reported. According to reports, his daughter has a 0.91% stake in the company, worth about £700m. Sunak was born in Southampton in 1980 to Indian parents who had moved to the UK from east Africa. He later gained a master’s of business administration (MBA) at Stanford University, where he met [Akshata Murty](https://www.theguardian.com/politics/akshata-murty), his future wife, but where [few others remember him](https://www.theguardian.com/politics/2022/aug/05/rishi-sunak-stanford-business-school-few-remember). [multiple donations of over £100,000 to the school](https://www.theguardian.com/politics/2022/apr/05/rishi-sunak-and-wife-donate-over-100000-to-winchester-college?utm_term=Autofeed&CMP=twt_b-gdnnews&utm_medium=Social&utm_source=Twitter#Echobox=1649174389).
Rishi Sunak's elevation to British Prime Minister is a socially significant moment. He's the first British Asian, or any person of colour, to become PM, ...
The party is behaving like one that has only the slimmest of majorities and is on its way out. But this may only prolong the pain, and defer a significant loss of seats whenever the next election arrives. The cost of living and energy crises will be the foremost political and economic challenges, but the B-word (Brexit) still casts a shadow. Now such divisions seem to be affecting the right of politics, too. This all feels a bit like rearranging the deckchairs on the Titanic. This appears to be happening in the UK, too. They increasingly appear as a small, ageing, and out-of-touch privileged class unable to see the true extent of the crisis that their choices in government have exacerbated. It’s not lived up to the over-inflated expectations of its most ardent boosters. His legitimacy with the electorate isn’t as strong as it could be, given that he’s the third Conservative leader and PM since the last election in 2019. The Conservatives have done a better job than other parties in putting more women and people of colour into positions of political influence and power. This will matter for perceptions of the new PM among the wider electorate. Having a multi-millionaire telling the nation to tighten its belts and make sacrifices to its already declining living standards won’t go down well.
The U.K.'s new prime minister and his wife, the daughter of an Indian tech billionaire, have a collective net worth higher than the personal fortune of King ...
[she confirmed in April](https://www.bbc.com/news/uk-politics-61027058) that she had “non-domicile” status in the U.K.—allowing her to avoid dividend and capital gains taxes in Britain. Born in Southampton to parents of Indian descent who emigrated from East Africa, Sunak attended the exclusive Winchester College boarding school and waited tables at an Indian restaurant during summer breaks. Through a spokeswoman, Murthy told the BBC that she paid about $34,000 a year to maintain that status, a fee charged if a person has lived in the U.K. Murthy is also a director at and owns a small stake in boutique gym chain Digme Fitness, which was hard-hit by the Covid-19 pandemic and was Altogether, Forbes estimates Sunak and his wife Murthy are worth roughly $810 million—more than a quarter of a billion dollars richer than the [$500 million personal fortune of King Charles III](https://www.forbes.com/sites/giacomotognini/2022/09/15/how-rich-is-king-charles-iii-inside-the-new-monarchs-outrageous-fortune/). Murthy’s firm was also [reportedly an early investor](https://www.bloomberg.com/news/articles/2022-05-30/rishi-sunak-s-wife-akshata-murty-builds-catamaran-ventures-ties-to-rich-families#xj4y7vzkg) in dara5, a private investment company established by a member of Qatar's ruling family. As an Indian citizen, Murthy is a tax resident of her home country and Murthy drew scrutiny for her tax status earlier this year, when Sunak served as Chancellor of the Exchequer—Britain's finance minister and the No. [contest for leadership of the Conservative Party,](https://www.forbes.com/sites/roberthart/2022/10/24/rishi-sunak-selected-as-britains-next-prime-minister-heres-what-to-know/?sh=35780cd37691) Rishi Sunak is set to become the United Kingdom’s next prime minister. Besides her stake in Infosys, she owns Catamaran Ventures UK, the British branch of her father’s venture capital and private equity firm. [reportedly spending](https://www.standard.co.uk/homesandproperty/celebrity-homes/rishi-sunak-luxury-property-portfolio-b993765.html) $450,000 to install a leisure center with a 40-foot swimming pool, a gym and an outdoor tennis court. Narayana Murthy](https://www.forbes.com/profile/nr-narayana-murthy/), the cofounder and retired chairman of Indian tech giant Infosys, whose net worth is estimated by Forbes at $4.5 billion.
Alexander Downer's advice was based on his experience as Australia's longest-serving foreign minister in the Howard government, which won four terms in ...
[Latika Bourke](/by/latika-bourke-11tkbl)is a journalist for The Sydney Morning Herald and The Age, based in London.Connect via Badenoch endorsed Sunak as the true Thatcherite candidate because she had seen him behind closed doors take difficult decisions on spending and had the ability to say “no.” “Most people have given up on the Conservatives. Sunak, a Brexiteer, has subsequently taken a hard line on immigration, one of the fault lines within the government, and promised to curb it. “What Sunak has to do, as I have told him, is to just be completely straight with the public and tell them what the size of the task is, don’t try and seduce them with false promises, just be frank and tell them what needs to be done,” he said. Downer has