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☆ Rishi Sunak will be Britain’s next prime minister after seeing off rivals in race to replace Truss
▼ + stars: | 2022-10-24 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +6 min

London CNN —Former finance minister Rishi Sunak will be the United Kingdom’s next prime minister after seeing off his lone remaining rival in the fast-tracked race to become Conservative party leader on Monday. Sunak is set to replace Liz Truss, who will become the shortest-serving prime minister in UK history. Sunak will become prime minister once he is officially appointed by King Charles III and will be the first prime minister appointed by the new King following the death of Queen Elizabeth II in September. His campaign got a big boost when his former boss and rival, former Prime Minister Boris Johnson, withdrew from the race on Sunday night. He criticized Truss’ economic plan which ultimately sparked panic in the financial markets and led to her demise.

☆ Rishi Sunak closes in on Downing Street after Boris Johnson pulls out of leadership race
▼ + stars: | 2022-10-24 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Rishi Sunak could be elected leader of the Conservative Party and prime minister of the U.K. if he receives enough votes from fellow lawmakers Monday. 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. Former Prime Minister Boris Johnson was Sunak's biggest competition, but he dropped out of the race late Sunday. The only remaining contender for the leadership position is Penny Mordaunt, a former defense minister, who came behind Sunak in the original contest to take charge of the Conservative Party in September. It remains unclear how many Conservative lawmakers who backed Johnson will now move to support Sunak or Mordaunt.

☆ Rishi Sunak offers only temporary fix for UK woes
▼ + stars: | 2022-10-24 | by ( George Hay | ) www.reuters.com time to read: +4 min

Now that Sunak has seen off an attempted return by wayward former Prime Minister Boris Johnson, yields are down to 3.7%. About 30 billion pounds of her 45 billion pounds of unfunded tax cuts have been already reversed, leaving a narrower 40 billion pound hole. But cheaper borrowing costs hastened by Sunak’s appointment should cut the gap to just 30 billion pounds, a UK budget expert told Breakingviews. Follow @gfhay on TwitterloadingCONTEXT NEWSFormer finance minister Rishi Sunak will become Britain's next prime minister after winning the race to lead the Conservative Party. Former prime minister and rival Boris Johnson withdrew from the contest saying he could no longer unite the party.

☆ Rishi Sunak: I am standing to be British prime minister
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 23 (Reuters) - Britain's former finance minister Rishi Sunak confirmed on Sunday he was standing to replace Liz Truss as prime minister. "That's why I am standing to be leader of the Conservative Party and your next prime minister." Even before declaring on Sunday, Sunak had received more support from Conservative lawmakers than his rivals - former defence minister Penny Mordaunt and Johnson, who is attempting a comeback. Sunak quit Johnson's government in July, helping trigger a rebellion that bought him down. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kate Holton, editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.

☆ Boris Johnson pulls out of UK Conservative leadership race
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

"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. You can't govern effectively unless you have a united party in parliament." He will be named leader of the Conservative Party and become prime minister on Monday unless candidate Penny Mordaunt reaches the threshold of 100 backers to force a run-off vote by party members. Register now for FREE unlimited access to Reuters.com RegisterReporting by Paul SandleOur Standards: The Thomson Reuters Trust Principles.

☆ UK PM candidate Penny Mordaunt says 'in it to win it', no deal with Boris Johnson
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: 1 min

LONDON, Oct 23 (Reuters) - Penny Mordaunt said she was staying in the race to become British prime minister despite trailing rivals Rishi Sunak and Boris Johnson in the number of declared backers, dismissing a report that she had discussed a deal with Johnson. "I'm very confident about the progress we are making. I say to you that I'm in this to win it," she told the BBC's Sunday with Laura Kuenssberg programme. She said a report that she had discussed pulling out with Johnson in return for the promise of a job was "completely false". Register now for FREE unlimited access to Reuters.com RegisterReporting by Paul Sandle; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ Boris Johnson pulls out of UK leadership race
▼ + stars: | 2022-10-23 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBoris Johnson pulls out of UK leadership racePostedFormer UK prime minister Boris Johnson has pulled out of the race to become the country’s next Prime Minister. With Johnson out, former finance minister Rishi Sunak and Penny Mordaunt battle for the title. The decision could be reached as early as Monday if Mordaunt fails to clear a 100-vote threshold in parliament; something Sunak has already achieved. This report produced by Kristy Kilburn.

☆ Boris Johnson drops out of race to be next UK PM, despite claiming he could win
▼ + stars: | 2022-10-23 | by ( Kieran Corcoran | ) www.businessinsider.com time to read: +1 min

Boris Johnson ruled himself out of the contest to be the next prime minister of the UK on Sunday. The declaration, issued around 9 p.m. local time, ended the extraordinary prospect of Johnson returning to power only two months after leaving Downing Street in disgrace. His departure left two Conservative Party MPs in the running to succeed Liz Truss, who resigned on Thursday after a disastrous six weeks in power as Johnson's successor. Mordaunt reached third place in the last leadership election, which Truss won, while Sunak was second. "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," he wrote.

Johnson previously enjoyed high levels of popularity until losing credibility in the final months of his premiership. Gleb Garanich | ReutersLONDON — Former U.K. Prime Minister Boris Johnson will not take part in the contest to replace outgoing leader Liz Truss. Johnson is believed to still be popular in the grassroots of the wider Conservative Party despite many Tory MPs being firmly against a return. "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. How the contest worksTruss' successor will once again be decided by a Conservative Party leadership contest drawn from a short-list of candidates.

☆ Johnson battling to win support for fresh PM bid
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +2 min

Leading figures who previously backed Johnson, came out in support for former finance minister Sunak ahead of a first vote by Conservative lawmakers on Monday. Johnson was forced out of office in July when Sunak quit, triggering a wider rebellion that prompted Johnson's ministers to resign en masse. Baker said the country now needed a period of stability after Truss sparked turmoil in finance markets, and that meant not voting for Johnson again. "What we can't do is have him in as prime minister in circumstances where he's bound to implode, taking down the whole government with him," he said. Mordaunt-backer Damian Green dismissed reports that she was struggling to meet the threshold, telling Sky News that she would not pull out.

☆ Boris Johnson flies back to Britain to attempt rapid comeback
▼ + stars: | 2022-10-22 | by ( Andrew Macaskill | ) www.reuters.com time to read: +4 min

Johnson was booed by some passengers on the plane to Britain, according to a Sky News journalist on the flight. For some Conservative lawmakers, Johnson is a vote winner, able to appeal across the country not only with his celebrity but also with his brand of energetic optimism. "DEATH SPIRAL"The former Conservative leader William Hague said on Friday Johnson's return was possibly the worst idea he had heard in almost half a century as a party member. Johnson is currently under investigation by parliament's Privileges Committee to establish whether he lied to the House of Commons over lockdown-breaking parties. The contest to become Britain's fourth prime minister in four years has been accelerated to take only a week.

☆ Could Boris Johnson be next U.K. prime minister? Liz Truss replacement race is on
▼ + stars: | 2022-10-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +9 min

Some Conservative lawmakers have suggested they may even quit the party if Johnson wins. “His manipulation of the Conservative Party, his dishonesty and boosterism were all designed to cloak the absence of any realistic policies. Sunak commanded the support of more Conservative lawmakers than Truss, but lost out in the final members’ vote. But he is viewed as responsible for Johnson’s downfall by some allies of the former prime minister, who are unlikely to cheer a Sunak premiership. Starmer, the Labour Party leader, would be the clear favorite to be prime minister if an election were held any time soon.

☆ Fact Check-Tweet supporting Penny Mordaunt for PM misinterpreted as an official campaign advert
▼ + stars: | 2022-10-21 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A tweet interpreted by social media users to be an official campaign advert calling for Penny Mordaunt to be Britain’s next prime minister is not connected to her, a spokesperson for the cabinet minister told Reuters. The post (here), which has amassed more than 1,500 shares, was uploaded by an account named ‘Penny Mordaunt for PM’ and reads: “This is make or break time. Social media users are sharing and replying to the post appearing to believe the page is run by, or connected to, Mordaunt. However, a spokesperson for Mordaunt told Reuters the account is not connected to her and is likely run by a supporter, or supporters, of the MP. The account is not run by or connected to Penny Mordaunt, according to one of her spokespeople.

☆ UK stocks hit by weak retail sales, rising yields
▼ + stars: | 2022-10-21 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

The blue-chip FTSE 100 index (.FTSE) fell 1.0%, while the midcap FTSE 250 (.FTMC) slipped 1.6%. Truss quit on Thursday after the shortest and most chaotic tenure of any British prime minister, forced out after her unfunded tax cut proposals crashed the pound and sent British borrowing costs soaring. Former finance minister Rishi Sunak, Penny Mordaunt and former prime minister Boris Johnson are among the likely candidates. UK's retail index (.FTNMX404010) fell 4.1%, heading towards a more than two-year low hit last week. read moreMeanwhile, U.S. and European government bond yields surged further as investors priced in aggressive policy tightening by the Federal Reserve.

☆ British minister Penny Mordaunt announces bid to be next UK PM
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 21 (Reuters) - British minister Penny Mordaunt on Friday launched her bid to replace Liz Truss as prime minister, becoming the first Conservative lawmaker to announce they are running. That race saw Truss defeat former finance minister Rishi Sunak. "I’ve been encouraged by support from colleagues who want a fresh start, a united party and leadership in the national interest." Bookmakers place Mordaunt third, behind Sunak and Johnson, who are also expected to enter the race to succeed Truss. Largely unknown outside Westminster prior to taking an early opinion poll lead among Conservative Party members earlier this year, some of the public may have first seen Mordaunt on the reality TV show Splash!

☆ A timeline of what happens next following UK PM Liz Truss' resignation
▼ + stars: | 2022-10-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

It means Truss becomes Britain's shortest-serving prime minister in history and the third Conservative leader to quit in as many years. Her resignation kickstarts the search for a new leader at a time when the country faces a worsening cost-of-living crisis and a looming economic recession. As Conservative candidates race to gather the support of their colleagues, here's a look at how the process of finding the U.K.'s next prime minister is expected to work. Candidates vying to succeed Truss as prime minister have until 2 p.m. London time on Monday to gather the support of at least 100 Conservative Members of Parliament to run. In this scenario, Conservative members would take part in an online vote to choose the next leader of the party.

A Reuters tally of Conservative lawmakers who have made public declarations of support put Sunak on 70 backers, Johnson on 37 and Mordaunt on 20. 1/6 British Prime Minister Boris Johnson makes a statement at Downing Street in London, Britain, July 7, 2022. Luxembourg's Prime Minister Xavier Bettel said leaving the European Union had brought instability to Britain. Opposition parties, some newspapers and even a few Conservative lawmakers have called for a general election to be held. Some Conservative lawmakers have urged colleagues to coalesce around one candidate to avoid a bruising battle.

read moreIn what would be an extraordinary comeback, Johnson, who was ousted by lawmakers just over three months ago, was running high up the ranks alongside Sunak to be crowned the next prime minister. "Boris Johnson is the character the Labour Party fears, Boris Johnson can win the next general election," he said. But Will Walden, who also worked for Johnson, told Sky News the former prime minister was returning from holiday and was taking soundings. Running in third is Penny Mordaunt, a former defence minister popular with Conservative Party members. 1/5 Boris Johnson and Rishi Sunak walk out of Downing Street, in London, Britain, December 1, 2021.

☆ Comeback king: Boris Johnson considering a run for UK prime minister
▼ + stars: | 2022-10-21 | by ( Elizabeth Piper | ) www.reuters.com time to read: +5 min

British Prime Minister Boris Johnson speaks during his visit to EDF's Sizewell B Nuclear power station, in Sizewell, Britain September 1, 2022. Chris Radburn/Pool via REUTERSSummary Johnson taking soundings from lawmakersHad said he wanted a quieter lifeUnder investigation for lying to parliamentLONDON, Oct 21 (Reuters) - Out of power for a matter of months, comeback king Boris Johnson is once again being touted as the new leader of the governing Conservative Party and Britain's prime minister. For some Conservative lawmakers, Johnson is a vote winner, able to appeal across the country not only with his celebrity but also with his brand of energetic optimism. When Johnson left Downing Street, his aides said he was going to embrace a quieter life, no longer being "public property" and able to make more money by going on the speaker circuit. After his successor as prime minister, Liz Truss, quit on Thursday after just six weeks in power, the Ukrainian government Twitter account even published, and then deleted, a meme saying "Better call Boris".

☆ Factbox: Conservative leadership race: who will replace Liz Truss as UK prime minister?
▼ + stars: | 2022-10-21 | by ( Kate Holton | ) www.reuters.com time to read: +4 min

LONDON, Oct 21 (Reuters) - A fast-tracked Conservative Party leadership election is underway to replace Liz Truss, who said on Thursday she would resign just six weeks after being appointed as British prime minister. If the person in second place does not drop out, then the Conservative Party membership will vote, with results announced by Friday. BORIS JOHNSONFormer prime minister Johnson, a journalist, has loomed large over British politics ever since he became London Mayor in 2008. Conservative lawmakers said Johnson, who has been on holiday in the Caribbean, could stand in the leadership contest and was taking soundings. Wallace, a former soldier, was defence minister for both Johnson and Truss, leading Britain's response to Russia's invasion of Ukraine.

LONDON — Her tenure as Britain’s prime minister began in the early days of fall, but it didn’t even last until winter. The plan was criticized not only by the opposing Labour Party, but also President Joe Biden and the International Monetary Fund. Chancellor of the Exchequer Kwasi Kwarteng and British Prime Minister Liz Truss attend the annual Conservative Party conference on Oct. 2. Truss told Parliament on Wednesday, “I am a fighter, not a quitter,” after repeatedly being told she was unfit for office by opposition lawmakers. Under an expedited process, leadership challengers must win the support of 100 fellow Conservative Party lawmakers (out of a total of 357) by Monday afternoon.

☆ UK's Truss says she will resign as PM
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 20 (Reuters) - Liz Truss said on Thursday she would resign as prime minister, brought down by her economic programme that sent shockwaves through the markets and divided her Conservative Party just six weeks after she was appointed. A leadership election will be completed within the next week to replace Truss, who is the shortest serving prime minister in Britain's history. Register now for FREE unlimited access to Reuters.com Register"I recognise though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party," she said. "I will remain as prime minister until a successor has been chosen.

Prime Minister Liz Truss announces her resignation at 10 Downing Street on October 20, 2022 in London, England. Leon Neal | Getty ImagesLONDON — U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party. "I recognize though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to announce that I am resigning as leader of the Conservative Party." The number who have written letters to Brady expressing no confidence in the prime minister was reported to be over 100 by Thursday.

☆ With UK leader Liz Truss quitting, here are the top contenders to replace her
▼ + stars: | 2022-10-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

"Given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party," she said in a brief speech Thursday afternoon. Here are the main contenders for the top job:Rishi SunakRishi Sunak, Britain's former finance minister and Truss' main opponent in this year's Conservative Party leadership race, is now seen as a favorite to replace her. Britain's former finance minister Rishi Sunak was Liz Truss's main opponent in this year's Conservative leadership race. Penny MordauntFormer Defense Secretary Penny Mordaunt surged to prominence during the summer's leadership race, before finishing in third place to Truss and Sunak. Leader of the House of Commons Penny Mordaunt is seen as a consensus candidate who could unite a splintered Conservative Party.

☆ UK's Sunak, Mordaunt in running to be next PM - Sky
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: 1 min

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. Register now for FREE unlimited access to Reuters.com RegisterReporting by Muvija M and William James, writing by Sachin Ravikumar, Editing by Kylie MacLellanOur Standards: The Thomson Reuters Trust Principles.

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