Rishi Sunak, Britains former Treasury chief, will become the countrys new prime minister and leader of the Conservative Party after Boris Johnson and Penny Mordaunt dropped out of the running to succeed outgoing PM Liz Truss.
Mordaunt exited the race Monday, clearing the way for Sunak, 42, to make history as the countrys first prime minister of South Asian descent.
Rishi has my full support, Mordaunt said in a statement.
pic.twitter.com/w76rEvJdyQ
Penny Mordaunt (@PennyMordaunt) October 24, 2022","type":"rich","meta":{"author":"Penny Mordaunt","author_url":"https://twitter.com/PennyMordaunt","cache_age":86400,"description":"pic.twitter.com/w76rEvJdyQ Penny Mordaunt (@PennyMordaunt) October 24, 2022\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false},"_maxwidth":{"label":"Adjust width","placeholder":"220-550, in px","value":""},"_theme":{"value":"","values":{"dark":"Use dark theme"}}},"provider_name":"Twitter","thumbnail_height":1080,"thumbnail_url":"https://pbs.twimg.com/media/Ff1hTdgXkAAGrO5.jpg:large","thumbnail_width":1080,"title":"Penny Mordaunt on Twitter","type":"rich","url":"https://twitter.com/PennyMordaunt/status/1584529702466686977","version":"1.0"},"flags":[],"enhancements":{},"fullBleed":false,"options":{"theme":"news","device":"mobile","editionInfo":{"id":"us","name":"U.S.","link":"https://action.news","locale":"en_US"},"originalEdition":"us","isMapi":false,"isAmp":false,"isVideoEntry":false,"isEntry":true,"isMt":false,"entryId":"635665cde4b0e376dc199712","entryPermalink":"https://action.news/entry/rishi-sunak-british-prime-minister_n_635665cde4b0e376dc199712","entryTagsList":"united-kingdom,boris-johnson,prime-minister,liz-truss,rishi-sunak,@developing","sectionSlug":"world-news","deptSlug":"politics-news","sectionRedirectUrl":null,"subcategories":"","isWide":false,"headerOverride":null,"noVideoAds":false,"disableFloat":false,"isNative":false,"commercialVideo":{"provider":"custom","site_and_category":"us.world-news","package":null},"isHighline":false,"vidibleConfigValues":{"cid":"60afc111dcf87c2cd2f5d8bf","overrides":{"front_page_top_videos":{"desktop":"60b64354b171b7444beaff4d","mobileweb":"60b64354b171b7444beaff4d"},"top_media":{"desktop":"60b8e6bdc5449357a7ada147","mobile":"60b8e701c5449357a7ada2ee","iphone":"60b8e643cdd90620331bb1f6","ipad":"60b8e643cdd90620331bb1f6","androidphone":"60b8e699c5449357a7ada04c","androidtablet":"60b8e699c5449357a7ada04c"},"anthology":{"desktop":"60b8e616cdd90620331bb0ba","mobile":"60b8e671c5449357a7ad9f66","iphone":"60b8e643cdd90620331bb1f6","ipad":"60b8e643cdd90620331bb1f6","androidphone":"60b8e699c5449357a7ada04c","androidtablet":"60b8e699c5449357a7ada04c"},"content":{"desktop":"60b8e616cdd90620331bb0ba","mobile":"60b8e671c5449357a7ad9f66","iphone":"60b8e643cdd90620331bb1f6","ipad":"60b8e643cdd90620331bb1f6","androidphone":"60b8e699c5449357a7ada04c","androidtablet":"60b8e699c5449357a7ada04c"}},"playerUpdates":{"5668ae6ee4b0b5e26955d6a6":"60d2472d9340d7032ad7e443","56aa41bae4b091744c0440d8":"60e869dc7c5f3b17b6741b81","5841b2b5cc52c716ec6e5a7f":"60b8e355cdd90620331ba185","58b5e2b8d85a10302feee895":"60b64316b171b7444beafdb2","58b74698f78ced31417819ae":"60b8e5bec5449357a7ad9b52","58b74ccecebcea57e2c3a3d1":"60b8e5eac5449357a7ad9ca5","58cff690d85a100b9992bc39":"60b8e616cdd90620331bb0ba","58cffb3fb6d9b972a49a3c9d":"60b8e643cdd90620331bb1f6","58cffdd74d96935d7d6ec180":"60b8e671c5449357a7ad9f66","58d03a84f78ced6518eb2fa7":"60b643c82e76be41f112735c","592edf20e0fa177b0c26f7fd":"60b8e699c5449357a7ada04c","5b35266b158f855373e28256":"60b64354b171b7444beaff4d","5c116f29f79c4171d82b7c2a":"60b64440b171b7444beb040b","5c1170fc600c9a697bf0c6b9":"60b646102e76be41f1127ffc","5c47791afa1b317df8ae0c4f":"60b8e6bdc5449357a7ada147","5c477987a6b48b35f164773d":"60b8e701c5449357a7ada2ee","5c4779ee943c3c2a64f28371":"60b8e747cdd90620331bb861","5c477a26fcd67b26879bc7c2":"60b8e788c5449357a7ada67b","5d8921a78c3ae845f366c9b6":"60ae7be5f3a7c13a30417ff9","58b98b00ba82aa39a6534321":"60d0de7c9340d7032ad1146c","58b9d14cb6d9b96c9ec32af3":"60d0dec19340d7032ad115a0","58cff8eccebcea42931e0436":"60d0e005b627221e9d819d44","592edf5de0fa177b0c26f95b":"60d0e38fb627221e9d81adcf","58cff72fd85a100b9992c112":"60d0e447b627221e9d81b0da","56b4d34fe4b022697697c400":"60d2472d9340d7032ad7e443","60b8e4c0c5449357a7ad957d":"60e869dc7c5f3b17b6741b81"}},"connatixConfigValues":{"defaultPlayer":"ff7fdddc-5441-4253-abc4-f12a33fad58b","clickToPlayPlayer":"d014396e-b366-4c17-aeac-3ce906fa3fd0","videoPagePlayer":"f010447b-d244-4111-a314-7b4542ae4145","verticalPlayer":"e58cb05a-0bc8-4210-9108-fea82726c065","stickyPlayerControl":"52ea1755-d601-4ad1-bccc-d8cce3f0e5da","stickyPlayerON":"8055e9e5-3bda-4933-8d45-9ad814fb6e22"},"topConnatixThumnbailSrc":"https://img.connatix.com/5a22b97e-74e1-4ec4-a6ee-20931d68b55c/1_th.jpg?crop=480:270,smart&width=480&height=270&format=jpeg&quality=60&fit=crop","customAmpComponents":[],"ampAssetsUrl":"https://amp.assets.huffpost.com","videoTraits":null,"positionInUnitCounts":{"buzz_head":{"count":0},"buzz_body":{"count":0},"buzz_bottom":{"count":0}},"positionInSubUnitCounts":{"article_body":{"count":12},"blog_summary":{"count":0},"before_you_go_content":{"count":0}},"connatixCountsHelper":{"count":1},"buzzfeedTracking":{"context_page_id":"635665cde4b0e376dc199712","context_page_type":"buzz","destination":"huffpost","mode":"mobile","page_edition":"en-us"},"tags":[{"name":"United Kingdom","slug":"united-kingdom","links":{"relativeLink":"topic/united-kingdom","permalink":"https://action.news/topic/united-kingdom","mobileWebLink":"https://action.news/topic/united-kingdom"},"department":{"name":"Latest News","slug":"politics-news"},"section":{"title":"World News","slug":"world-news"},"topic":{"title":"United Kingdom","slug":"united-kingdom","overridesSectionLabel":false},"url":"https://action.news/news/topic/united-kingdom"},{"name":"boris johnson","slug":"boris-johnson","links":{"relativeLink":"topic/boris-johnson","permalink":"https://action.news/topic/boris-johnson","mobileWebLink":"https://action.news/topic/boris-johnson"},"url":"https://action.news/topic/boris-johnson"},{"name":"prime minister","slug":"prime-minister","links":{"relativeLink":"topic/prime-minister","permalink":"https://action.news/topic/prime-minister","mobileWebLink":"https://action.news/topic/prime-minister"},"url":"https://action.news/topic/prime-minister"},{"name":"liz truss","slug":"liz-truss","links":{"relativeLink":"topic/liz-truss","permalink":"https://action.news/topic/liz-truss","mobileWebLink":"https://action.news/topic/liz-truss"},"url":"https://action.news/topic/liz-truss"},{"name":"Rishi Sunak","slug":"rishi-sunak","links":{"relativeLink":"topic/rishi-sunak","permalink":"https://action.news/topic/rishi-sunak","mobileWebLink":"https://action.news/topic/rishi-sunak"},"url":"https://action.news/topic/rishi-sunak"}],"isLiveblogLive":null,"isLiveblog":false,"cetUnit":"buzz_body","bodyAds":["\r\n\r\n","\r\n\r\n","\r\n\r\n"],"adCount":0},"isCollectionEmbed":false}">Penny Mordaunt (@PennyMordaunt) October 24, 2022
Truss is expected to make a statement outside No. 10 Downing St. before a final audience with King Charles III, during which she will officially resign. Sunak will formally take over as prime minister on Tuesday morning after meeting with the king.
Sunak addressed Conservative members of Parliament behind closed doors 30 minutes after he was announced as the new leader of the party. Outside the Conservative headquarters, Sunak briefly spoke about the need for unity and stability within the party and the country.
I will make it my utmost priority to bring our party and our country together. Because that is the only way we will overcome the challenges we face and build a better, more prosperous future for our children and our grandchildren, he said. I pledge that I will serve you with integrity and humility.
Truss also congratulated Sunak over his win.
Congratulations @RishiSunak on being appointed as Leader of the Conservative Party and our next Prime Minister.
You have my full support.
Congratulations @RishiSunak on being appointed as Leader of the Conservative Party and our next Prime Minister.
Liz Truss (@trussliz) October 24, 2022
You have my full support.
Opposition parties have continued calling for a general election, but Sunak doesnt have to hold one until January 2025 at the latest .
The Tories have crowned Rishi Sunak without him saying a word about what he would do as PM. He has no mandate, no answers and no ideas. Nobody voted for this, Labour deputy leader Angela Rayner wrote on Twitter.
The Tories have crowned Rishi Sunak without him saying a word about what he would do as PM. He has no mandate, no answers and no ideas. Nobody voted for this.
The public deserve their say on Britains future through a General Election. Its time for a fresh start with Labour.
The Tories have crowned Rishi Sunak without him saying a word about what he would do as PM. He has no mandate, no answers and no ideas. Nobody voted for this.
Angela Rayner (@AngelaRayner) October 24, 2022
The public deserve their say on Britains future through a General Election. Its time for a fresh start with Labour.
Sunak, who has served as a Conservative member of Parliament for only seven years , declared his candidacy Sunday, citing the countrys profound economic crisis.
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.
The United Kingdom is a great country but we face a profound economic crisis.
Thats why I am standing to be Leader of the Conservative Party and your next Prime Minister.
I want to fix our economy, unite our Party and deliver for our country. pic.twitter.com/BppG9CytAK
The United Kingdom is a great country but we face a profound economic crisis.
Rishi Sunak (@RishiSunak) October 23, 2022
Thats why I am standing to be Leader of the Conservative Party and your next Prime Minister.
I want to fix our economy, unite our Party and deliver for our country. pic.twitter.com/BppG9CytAK
Johnson ruled himself out of the contest Sunday evening despite the support of 102 ministers.
There is a very good chance that I would be successful in the election with Conservative Party members and that I could indeed be back in Downing Street on Friday, Johnson said in a statement . But in the course of the last days I have sadly come to the conclusion that this would simply not be the right thing to do.
Sunak, who lost to Truss in the Tory Party leadership election to replace Johnson over the summer by 14 percentage points , warned her economic agenda of cutting taxes to promote growth was misplaced , arguing that the countrys most pressing problem was inflation.
Borrowing your way out of inflation isnt a plan, Sunak said in July of Truss agenda. Its a fairy tale.
Truss, who made history as the shortest-serving prime minister in British history, was forced to resign Thursday after a series of missteps, including a botched economic plan featuring $50 billion worth of unfunded tax cuts, which spooked markets and caused the value of the pound to tumble. This triggered a series of stunning policy reversals by Truss, who fired her Treasury chief Kwasi Kwarteng. She replaced him with Jeremy Hunt, who supported Sunak during the summers Tory leadership race.
Hunt, who has hinted at spending cuts, has said the country faces decisions of eye-watering difficulty.
Support Free Journalism
Consider supporting HuffPost starting at $2 to help us provide free, quality journalism that puts people first.
Can't afford to contribute? Support HuffPost by creating a free account and log in while you read.
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. We hope you'll consider contributing to HuffPost once more.
Already contributed? Log in to hide these messages.
Sunak served as Johnsons chancellor for over two years, including during the height of the COVID pandemic, but resigned from government following Johnsons admission that he knew about past sexual harassment accusations against a key ally and had chosen him for an influential government position anyway.
Sunak supported Brexit in the 2016 referendum.
Sunak is reportedly the countrys richest member of Parliament. Sunak and his wife, Akshata Murty, both have a collective net worth of over 730 million pounds ($826 million), according to the Sunday Times Rich List 2022 . Murty owns 700 million pounds worth of shares of her fathers Indian information technology giant Infosys, according to the BBC.
Support Free Journalism
Consider supporting HuffPost starting at $2 to help us provide free, quality journalism that puts people first.
Can't afford to contribute? Support HuffPost by creating a free account and log in while you read.
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. We hope you'll consider contributing to HuffPost once more.
Already contributed? Log in to hide these messages.
_(720p).jpg)
 OFFICIAL HD MUSIC VIDEO.jpg)
.jpg)
