Rishi Sunak

Rishi Sunak and Penny Mordaunt, two contenders in Britain's previous leadership contest this year, are believed to be in the running to become the nation's ...

[The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) LONDON, Oct 20 (Reuters) - Rishi Sunak and Penny Mordaunt, two contenders in Britain's previous leadership contest this year, are believed to be in the running to become the nation's next prime minister following Liz Truss's resignation on Thursday, Sky News reported. Separately the Guardian's political editor reported former minister Michael Gove was "ruled out" for the leadership.

Boris Johnson, ousted in August, may join the contest to lead Conservative Party.

[Up to 60% off - Target Promo Code](https://www.wsj.com/coupons/target) Sunak, a former hedge-fund manager who as chancellor of the exchequer tried to narrow Britain’s budget gap by raising taxes, has a sizable support base among his fellow members of Parliament. LONDON—Former U.K.

While hectic lobbying is continuing in the political space of the UK, Rishi Sunak appears to be the most likely candidate to take over from former UK PM Liz ...

As the Conservative party bosses have already laid down that the next British Prime Minister will be chosen within a week, there are reports that the general rules governing the selection of the new leader of the party may be changed to keep out ordinary party members from voting. She was not a member of the short-lived Liz Truss cabinet and is said to be much more right-wing than the former PM. Speculation is that the party leadership will set the bar high, meaning candidates have to get the support of for example 100 party members before they can contest. [Rishi Sunak is contesting.](https://www.outlookindia.com/international/will-rishi-sunak-take-over-liz-truss-all-eyes-on-him-as-pressure-mounts-on-uk-pm-news-231442) His image as the Chancellor during the pandemic was much appreciated by the general public. Indian-origin former chancellor of the Exchequer Rishi Sunak may make another bid to become Prime Minister, as he clearly won the Parliamentary party votes last time. Many in Britain believe it is time for general elections, instead of the musical chair that has been on since Boris Johnson was forced out of office.

It ended just as everyone was predicting: Liz Truss has resigned as UK's prime minister, just 44 days since taking over the top job, thereby making her ...

RECOMMENDED Susan Dalgety said that she doesn't care whether Rishi Sunak is “up for the job” or Penny Mordaunt fancies a shot as it is not about the personal ambitions of second-class politicians, but about the lives and future of UK and its citizens. [pic.twitter.com/Yk7NAjr4OK] [October 20, 2022] "These are serious times and we need a serious & competent Prime Minister," his tweet added. A user named Michael Otadende posted a video of Rishi Sunak counting flaws in Liz Truss's economy related policies. As per a report in the British newspaper The Times, Sunak's supporters feel that because he was a runner-up to Truss to take over the leadership of the Conservative Party, it is only natural for him to succeed Truss, now that she is out.

The British prime minister will have served just six tumultuous weeks in office, despite having won handily an internal Conservative Party leadership race to ...

As Tories prepare to elect next leader, here are the MPs who have not ruled out running.

[firing politely worded shots](https://www.theguardian.com/politics/2022/oct/04/kwasi-kwarteng-fiscal-plan-date-thrown-into-confusion) at Truss from the sidelines at the Conservative conference, the idea of him becoming prime minister would have seemed ludicrous – and to some colleagues it still does. To Shapps’ advantage, he is seen as a steady ministerial hand, a decent media communicator and an ideological pragmatist. [chose Liz Truss](https://www.theguardian.com/politics/2022/sep/05/liz-truss-wins-tory-leadership-race-to-become-britains-next-pm) to replace Boris Johnson as prime minister, the party’s MPs – and, in some way, the members again – will [select a successor](https://www.theguardian.com/politics/2022/oct/20/liz-truss-to-quit-as-prime-minister) to Truss in an accelerated week-long contest. But Braverman’s brief stint as home secretary is likely to have burnished her credentials with the Tory right. Are enough MPs on her ideological wavelength and willing to take another punt on someone with robust rightwing views? She could be awful. She could be brilliant. However, it remains to be seen if he wants to stand, and if he does, he may be seen as too niche a choice to even be a unity candidate. He came a fairly distant fourth in the 2019 Tory leadership contest and did not even stand in the summer, but he has a long ministerial pedigree, serving on the frontbench for a decade, including stints as chancellor, home secretary and health secretary. Her prospects, however, seem relatively slim. Here are some of the contenders who could stand. [stood in for Truss](https://www.theguardian.com/politics/video/2022/oct/17/the-pm-is-not-under-a-desk-penny-mordaunt-forced-to-defend-liz-trusss-absence-video) to answer an urgent question.

British PM Liz Truss has finally relinquished the top post after being embattled with critics over multiple policy U-turns and botched economic plan.

[pic.twitter.com/9QDlrBq5Nv] [October 20, 2022] [pic.twitter.com/O4D8nAj2vU] [October 20, 2022] [pic.twitter.com/KV6IvvQqFY] [October 20, 2022] [pic.twitter.com/WPGzKB7d7C] [October 20, 2022] [pic.twitter.com/GwljYIfm5z] [October 20, 2022] Now the outgoing PM is believed to be replaced by Rishi Sunak, who lost to her in the election.

A North Yorkshire MP said Rishi Sunak would "get things fixed" if he stood for the Tory leadership in the wake of the prime minister's resignation.

"We need to get things fixed and I think Rishi Sunak is the man to get things fixed." However, Sir Robert said Mr Sunak had received the most votes from MPs and the views he expressed about the economy during the leadership campaign had been right. A North Yorkshire MP said Rishi Sunak would "get things fixed" if he stood for the Tory leadership in the wake of the prime minister's resignation.

"Like many nations, the UK is also suffering from the Ukraine crisis impacting energy, grain and other prices. In addition, coming out of the pandemic, ...

In the last 12 years, three ‘once in a century’ events have occurred, from the global financial crisis to the pandemic and the Ukraine war. There is a genuine question about the UK’s direction of travel. Truss brought in a new Chancellor, Jeremy Hunt, who reversed two-thirds of the earlier measures and announced there’d be further spending cuts and/or tax increases to balance the books. Earlier, Truss claimed tax cuts could be paid for from the £30 billion headroom Sunak had left himself in the spring — but because of the Ukraine crisis, that had turned into a shortfall. [Truss](/topic/truss)introduced a ‘mini-budget’ — in the short term, to protect households and businesses from higher wholesale gas costs, a cap on retail prices was established, essentially subsidising them. She campaigned on a libertarian philosophy of cutting taxes, claiming that would stimulate growth, even obviating the need to cut government spending alongside.

Sunak warned leadership rival and ousted PM Liz Truss that her tax plans would bring chaos. Read more at straitstimes.com.

In 2020, aged 39, Mr Sunak was named finance minister just before the coronavirus pandemic hit Britain. The problems for Mr Sunak in the leadership race contrasted with his swift rise through the Conservative Party, which began in 2015 when he was elected to parliament having previously worked for Goldman Sachs and hedge fund TCI. For his supporters in the party, Sunak’s previous leadership campaign message of the need for economic prudence to address Britain’s rampant inflation and criticism of Ms Truss’ “fairy tale” plans have shown he is right man for the job.

Plus, UK consumer confidence near 50-year low and ScottishPower calls on private sector to subsidise energy bills.

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Britain's Prime Minister Liz Truss's resignation after 44 catastrophic days in office has triggered a new race for the leadership of the Conservative party.

To speed up the process, if there is a members’ vote, it will likely be carried out online. But there may be heavy pressure on the runner-up from the MPs’ balloting to drop out of the race, senior party figures said. By Tuesday evening, there were further unprecedented scenes in parliament over a vote on a resumption of fracking to which Truss had given the green light despite widespread opposition among Conservative MPs and the public at large. Another potential candidate is Penny Mordaunt who was knocked out of the last leadership race. Whittaker said, “I am f**king furious and I don’t give a f**k anymore.” Later, the same night, the two were said to have ‘Un-resigned’. I recognise, though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative party,” she said.

With Liz Truss out, contenders face a Monday deadline to get the backing of at least 100 Conservative Party lawmakers.

If there is more than one, the hopefuls will be whittled down before the final two are put forward to the 170,000 members of the Conservative Party. Many at the time speculated it could be a ” the Financial Times In 2019, Johnson helped his party to a whopping great win in the general election. But her “PM4PM” supporters are seeking to change that, pointing out that she polls better with the all-important Conservative Party members than Sunak. They point out that during the last contest his candidacy received the most support from his colleagues and say that many of his economic ideas turned out to be prescient. It’s possible that, given the high bar, only one candidate will be put forward by Monday at 2 p.m., which is when the nominations close. His time in office was marked by scandal after scandal and voters and his own colleagues were upset by his refusal to accept accountability. It is not certain if anyone else could galvanize the population to the same extent — or if Johnson himself even still can. The Telegraph, the Sun and the Daily Express all put on Johnson for their front page, while the left-leaning Mirror just called for a general election “now” in enormous print. Or might someone else emerge as the leading hopeful to become the next Conservative Party leader? Or Penny Mordaunt, who is not widely known but polls well with the Conservative Party members?

Sunak was praised for a COVID-19 economic rescue package, comprising an expensive jobs retention programme that averted mass unemployment in the country.

The tax status permits a person who was born in another country, or if their parent is from another country, to pay tax in the UK only on the income they earn in the country. Born in the UK's Southhampton area to an Indian family, Rishi Sunak is the son of a pharmacist mother and a National Health Service (NHS) general practitioner (GP) father. With the latest political crisis unfolding in the United Kingdom (UK) with Liz Truss’ resignation after 45 days at helm, Rishi Sunak, the former finance minister, is again one of the favourites to replace Truss as the next British premier.

A fast-tracked contest to find the next Tory leader and prime minister has kicked off hours after Liz Truss dramatically resigned as PM, barely six weeks ...

We need somebody who can unite the party, get us back in the polls and who can be a winner and Boris Johnson ticks all of those boxes." Mr Smith said: "We're looking at someone with a mandate with the general electorate, the membership, he's a winner. Her now-abandoned September mini-budget started the turmoil, sending financial markets into a tailspin. A first ballot will be held among MPs and the person with the lowest number of votes will be eliminated, if there are three candidates. Through Thursday morning, the number of MPs publicly calling for the prime minister to go doubled and Sir Graham Brady, chairman of the influential 1922 Committee - a group of backbench MPs, was summoned to No 10 to give her an update. Under party rules, leadership hopefuls will need to secure the support of 100 MPs to enter the contest. "I feel disappointed, shocked, I backed Liz Truss," he said, and apologised to the country for the "instability" caused. On Wednesday, her home secretary, Suella Braverman, resigned and a chaotic night with accusations of bullying during a vote in the House of Commons followed, sealing her fate. Mr Johnson, who is on holiday in the Caribbean, was forced to resign as Conservative leader in July following a string of scandals. Hopefuls need the backing of 100 MPs by Monday, with her successor likely to be announced by Friday at the latest. A handful of the former prime minister's biggest political supporters are pressing him to make a comeback. A fast-tracked contest to find the next Tory leader and prime minister has kicked off hours after Liz Truss dramatically resigned as PM, barely six weeks into the job.

Boris Johnson and former finance minister Rishi Sunak were leading the potential contenders to replace British Prime Minister Liz Truss on Friday, ...

has now been very, very badly tarnished, and it may be very difficult to recover within the space of two years." [Truss quit](/world/uk/uk-pm-truss-threatens-disciplinary-action-against-rebel-lawmakers-2022-10-20/) on Thursday after the shortest, most chaotic tenure of any British prime minister after her economic programme shattered the country's reputation for financial stability and left many people poorer. Mordaunt is seen as a fresh pair of hands largely untainted by earlier administrations. Running in third is Penny Mordaunt, a former defence minister popular with Conservative Party members. He can turn it around again. With the Conservatives all but facing a wipe out in the next national election according to opinion polls, the race is on to become the fifth British premier in six years.

Former British Prime Minister Boris Johnson and former finance minister Rishi Sunak were leading the potential contenders to become the new Conservative ...

Mordaunt is seen as a fresh pair of hands largely untainted by earlier administrations. He can turn it around again. Former British Prime Minister Boris Johnson and former finance minister Rishi Sunak were leading the potential contenders to become the new Conservative Party leader, with the winner eventually replacing Lizz Truss as Prime Minister.