Rishi Sunak is set to become Britain’s next prime minister after seeing off rivals in the race to replace Truss


London
CNN

Former finance minister Rishi Sunak will become the next UK prime minister after seeing off his only remaining rival in the fast-paced race to become Conservative party leader on Monday.

Another potential candidate, Penny Mordaunt, fell by the wayside after failing to meet the threshold of nominations needed to advance to the next stage of the race. Moments before announcing the number of picks, Mordaunt gave Sunak his full support.

Sunak will be the first person of color and the first Hindu in the UK. At 42, he is also the youngest to take office in more than 200 years.

He will replace Liz Truss, who will be the shortest-serving Prime Minister in UK history.

Suna officially announced on Sunday that it would stand after gaining the support of 100 conservative MPs, the necessary threshold set by party officials. By Monday, he had the support of more than half of the party’s 357 members of parliament.

“The UK is a great country but we are facing a deep economic crisis. That’s why I’m standing to be leader of the Conservative Party and your next Prime Minister. I want to fix our economy, unite our Party and stand up for our people,” he wrote on Twitter.

His campaign received a major boost when his former boss and rival, former Prime Minister Boris Johnson, pulled out of the race on Sunday night.

As Britain’s third prime minister in seven weeks, Suna faces a formidable task.

His party is divided and increasingly unpopular after four months of political turmoil and financial market chaos. At the same time, Britain is facing a major economic crisis, as many economists believe it is already in recession.

This is a breaking story, more to follow…