Rishi Sunak was the only candidate to exceed the required 100 Conservative MP support.
16:20•Updated 16:44
Former British Chancellor of the Exchequer Rishi Sunak is the new chairman of the conservatives and the country’s prime minister, says BBC (switch to another service).
The choice of 42-year-old Sunak was confirmed on Monday, when the candidate Penny Mordaunt failed to gather enough support to be nominated as Britain’s new Prime Minister.
Because of this, he withdrew from the race.
In order to run for the new chairman of the Conservative Party and at the same time to become the new Prime Minister of Britain, the support of at least one hundred MPs was required.
Sunak already gathered the necessary supporters over the weekend. Mordaunt, who was also eliminated from the competition, announced that he would support Sunak.
Britain’s outgoing Prime Minister By Liz Truss successor candidates had to register by 4 pm today.
At the weekend, it was predicted that the country’s former prime minister Boris Johnson would join the race, but he reported yesterday (you are switching to another service) in the evening that he is not going to run for office.
Truss was prime minister for 45 days
British Prime Minister Liz Truss announced her resignation on October 20.
Truss started as Prime Minister at the beginning of September and had only managed to serve as Prime Minister for 45 days. He became the shortest-serving Prime Minister in British history.
The Truss government lost confidence because of the failed stimulus package.
The focus of the so-called “mini-budget” was the reduction of taxes for about 45 billion pounds. A large part of the government’s planned tax cuts would have targeted high income earners, which caused great opposition both in the opposition and in the conservatives’ own ranks.
The Truss government planned to finance the budget with plenty of debt.
Trussi’s economic policy got investors on their toes and the value of the pound has fluctuated strongly in recent weeks.
Sunak has a difficult task ahead of him
Sunak becomes prime minister and the new leader of the conservatives in a situation where the conservatives’ support is falling in the bottom readings.
Britain is still recovering from the pandemic. In addition, the country is suffering from strong inflation and an energy crisis. Likewise, the prime minister also has to figure out how to respond to the rising cost of living.
Sunak is already Britain’s third prime minister this year. Ex-prime ministers Truss and Boris Johnson have resigned amid uproar.
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