Rishi Sunak to be Britain’s next prime minister as challenger Penny Mordaunt withdraws from contest
Former finance minister Rishi Sunak is set to be the next British Prime Minister, becoming the country’s third leader in less than two months.
Sunak takes the place of a resigning Liz Truss, who beat him in a Tory election just over a month-and-a-half ago. The 42-year-old is the UK’s first British-Asian Prime Minister.
Truss was only in office for 44 days, having replaced a disgraced Boris Johnson, who himself quit three years into his term after multiple scandals threated to topple his government.
The revolving door at 10 Downing Street can be traced back to the 2016 Brexit vote, after which the Tories came to power in a landslide victory, led by Johnson. Ever since, the British government has been in turmoil facing crisis after crisis, including the COVID-19 pandemic and the death of Queen Elizabeth II.
Sunak, a former hedge fund boss, is now tasked with fixing the economic situation in the UK, with the country sliding into a recession, dragged down by surging costs and a weak pound.