Penny Mordaunt, a former defense minister, withdrew from the campaign to succeed Liz Truss, a former British prime minister, giving former finance minister Rishi Sunak the advantage.
After former Prime Minister Boris Johnson withdrew from the contest on Sunday evening, Mordaunt was the final hurdle Sunak needed to overcome in order to become the next prime minister of the United Kingdom. By Monday afternoon, candidates needed to have 100 Tory party supporters, but Mordaunt’s campaign only reported 90. Sunak had close to 190.
Before leaving this week amid controversy over her economic ideas, which planned for significant tax cuts, Truss had only been in office for 44 days. Even though her administration finally reversed almost all of her objectives, the damage had already been done, and the U.K. markets were still in complete disarray.
On Sunday, Sunak declared his candidacy to succeed Truss, winning broad support when Johnson withdrew.
The UK is a wonderful nation, but we are currently experiencing a severe economic crisis, according to Sunak. I’m running to lead the Conservative Party and become your next prime minister because of this.