Former British Chancellor of Exchequer, Rishi Sunak will soon be announced as British Prime Minister. Rishi Sunak will be replacing Liz Truss who resigned after 44 days into her premiership.
This new development is a result of others dropping out of the race. A close contender, Penny Mordaunt had pulled out of the race paving way for Rishi Sunak to become the next prime minister.
Before now, a former British prime minister, Boris Johnson had also withdrawn from the race after claiming he had secured the support of at least 100 Members of Parliament (MP). Boris stated that his withdrawal is a result of his conclusion that it is “not the right time” for him to return as prime minister
With no gain saying, the new prime minister will be tasked with the primary responsibility of revamping the British economy and also perfecting the Brexit negotiations.
Investors King learnt that Rishi Sunak will be the first British prime minister of Hindu origin and the youngest in the last two centuries at the age of 42.
Meanwhile, the labour party has berated Sunak’s nomination as the next prime minister by the conservative party. Labour Party Deputy Leader, Angela Rayner claimed the party can not trust Rishi Sunak to turn the British’s economy around after he failed to grow the economy and tame rising inflation as Chancellor of Exchequer.
The Labour Party Deputy Leader instead called for a general election. ” We need a general election so that the public can get a say on the future of Britain – and the chance for a fresh start with Labour,” she said.
Rishi Sunak’s emergence will make him UK’s third prime minister in just seven weeks. Ms Liz Truss who was elected to replace Boris Johnson resigned after 44 she assumed office saying “I can not deliver on the mandate which I was elected”.
Sunak who was the runner-up in the race that ushered in Liz Truss had earlier called Truss’s economic policy a ” fairy-tale”. Sunak will officially become the next prime minister of the United Kingdom when Truss turns in her resignation letter to King Charles.