Rishi Sunak will become the next British Prime Minister

Former Treasury chief Rishi Sunak is set to become Britain’s next prime minister after winning the Conservative leadership race on Monday, and now faces the daunting task of stabilizing the party and the country at a time of economic turbulence. and politics. Sunak will be Britain’s first colored leader. , and the nation’s third-leading this year. He will replace Liz Truss as prime minister, who resigned last week after a tumultuous 45 days in office, leaving behind a reeling economy and a divided and shaken party. Her only rival, Penny Mordaunt, conceded and withdrew after failing to make it to the A nomination threshold of 100 Conservative lawmakers was needed to stay in the race. “I can confirm that we have received a valid nomination and Rishi Sunak is therefore elected as Leader of the Conservative Party,” party official Graham Brady said. Sunak had been the strong favorite as the ruling Conservatives sought stability at a time of immense economic challenges and after months of chaos that consumed the last two leaders. Sunak lost to Truss in the last Conservative election, but his party now seems eager for a safe pair of hands to deal with skyrocketing food and energy prices and the looming recession. The politician steered the economy through the coronavirus pandemic, winning praise for his financial support of laid-off workers and shuttered businesses. He promised “integrity, professionalism and accountability” if he formed a government, a veiled criticism of the Johnson and Johnson scandal. King Charles III will now ask the trouble-plagued Truss.Sunak to form a government. He will become prime minister in a handover from Truss later on Monday or Tuesday. Sunak’s victory is historic: he is the first British prime minister of South Asian descent, the first Hindu to hold the post and the youngest in 200 years. His challenge is enormous as he tries to unite a demoralized and divided party that trails far behind the opposition in opinion polls, and seeks to prop up an economy reeling after Truss’s brief and disastrous experiment in economics. libertarian His proposal for aggressive tax cuts to be paid for through government loans hit the value of the pound, raised the cost of government loans and home mortgages, and forced emergency intervention by the Bank of England. Truss executed a series of U-turns and replaced his Treasury chief, but faced rebellion from his party’s lawmakers that destroyed his authority. night, ending a high-profile and short-lived attempt to return to the prime ministerial post from which he was ousted just over three months ago amid ethics scandals. Johnson spent the weekend trying to rally support from fellow Conservative lawmakers after returning from a Caribbean vacation. On Sunday night he said that he had amassed the support of 102 colleagues. But he was far behind Sunak in support, and he said that he had come to the conclusion that “you cannot govern effectively unless there is a united party in Parliament”. He led the party to a resounding election victory in 2019, but his premiership was marred by scandals over money and ethics that eventually became too much for the party. he wins” in the next national election, scheduled for 2024. And he said he would likely have won a vote of Conservative Party members against any of his rivals. “But over the course of the last few days, I’ve sadly come to the conclusion that this just wouldn’t be the right thing to do,” he said. He hinted that he might return, however he said, “I think I have a lot to offer, but I’m afraid this is just not the right time.” Truss resigned Thursday after a turbulent 45 days in office, acknowledging she could not deliver on her failed tax-cutting economic package, which she was forced to abandon after it sparked fury within her party and weeks of turmoil in the financial markets. The Conservative Party agitation is fueling demands for a national election. Under Britain’s parliamentary system, there doesn’t need to be one until the end of 2024, although the government has the power to convene it sooner. Currently, that seems unlikely. Opinion polls say an election would spell disaster for the Conservatives, with the centre-left Labor Party winning a large majority.

Former Treasury chief Rishi Sunak is set to become Britain’s next prime minister after winning the Conservative leadership race on Monday, and now faces the daunting task of stabilizing the party and the country at a time of economic turbulence and politics.

Sunak will be Britain’s first black leader and the nation’s third leader this year. He will replace Liz Truss as prime minister, who resigned last week after a tumultuous 45 days in office, leaving behind a reeling economy and a divided and shaken party.

His only rival, Penny Mordaunt, conceded and withdrew after failing to meet the nomination threshold of 100 Conservative lawmakers needed to stay in the race.

“I can confirm that we have received a valid nomination and Rishi Sunak is therefore elected Leader of the Conservative Party,” party official Graham Brady said.

Sunak had been the heavy favorite as the ruling Conservatives sought stability at a time of immense economic challenges and after months of chaos that consumed the last two leaders.

Sunak lost to Truss in the last Conservative election, but his party now seems eager for a safe pair of hands to deal with skyrocketing energy and food prices and the looming recession. The politician steered the economy through the coronavirus pandemic, winning praise for his financial support of laid-off workers and shuttered businesses.

He promised “integrity, professionalism and accountability” if he formed a government, a veiled indictment of the trouble-ridden Johnson and Truss scandal.

King Carlos III will now ask Sunak to form a government. He will become prime minister in a handover from Truss later on Monday or Tuesday.

Sunak’s victory is historic: he is the first British prime minister of South Asian descent, the first Hindu to hold the post and the youngest in 200 years.

His challenge is enormous as he tries to unite a demoralized and divided party that trails far behind the opposition in opinion polls and seeks to prop up an economy reeling after Truss’s brief and disastrous experiment in libertarian economics.

His proposal for aggressive tax cuts to be paid for through government loans hit the value of the pound, raised the cost of government loans and home mortgages, and forced emergency intervention by the Bank of England. Truss executed a series of U-turns and replaced his Treasury boss, but faced rebellion from legislators from his party that destroyed his authority.

In the blitzkrieg race to replace her, Sunak’s position was strengthened after former leader Boris Johnson dramatically dropped out of the race on Sunday night, ending a high-profile and short-lived bid to return to the prime ministerial post. who was ousted just over three months ago amid ethics scandals.

Johnson spent the weekend trying to drum up support from other Conservative lawmakers after returning from a Caribbean vacation. On Sunday night he said that he had amassed the support of 102 colleagues. But he was far behind Sunak in support, and he said that he had come to the conclusion that “you cannot govern effectively unless you have a united party in Parliament”.

The prospect of a Johnson comeback had thrown the already divided Conservative Party into further turmoil. He led the party to a resounding election victory in 2019, but his premiership was marred by scandals over money and ethics that eventually became too much for the party.

In his statement on Sunday, Johnson insisted he was “well positioned to achieve a Conservative victory” in the next national election, scheduled for 2024. And he said he likely would have won a vote of Conservative Party members against any of his rivals.

“But over the course of the last few days, sadly, I’ve come to the conclusion that this just wouldn’t be the right thing to do,” he said.

However, he hinted that he might return, saying, “I think I have a lot to offer, but I’m afraid this just isn’t the right time.”

Truss resigned on Thursday after a turbulent 45 days in office, admitting she could not deliver on her failed tax-cutting economic package, which she was forced to abandon after it sparked fury within her party and weeks of turmoil in the financial markets.

Conservative Party agitation is fueling demands for national elections. Under Britain’s parliamentary system, there doesn’t need to be one until the end of 2024, although the government has the power to convene it sooner.

Currently that seems unlikely. Opinion polls say an election would spell disaster for the Conservatives, with the centre-left Labor Party winning a large majority.

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