Rishi Sunak or Liz Truss will be the next PM after Penny Mordaunt was eliminated from the Tory leadership race. The deputy leader of the opposition Labour party, Angela Rayner, said Sunak had no mandate and no idea what working people need and called for an early election. He is set to replace Liz Truss, who will become the shortest-serving prime minister in UK history. Rishi Sunak, former UK chancellor of the exchequer, arrives at his office in Millbank, in London, UK, on Monday, Oct. 24, 2022. #LizTruss Defeats Rishi Sunak To Become New UK PM https://t.co/jSXfKbAggMNDTV's Radhika Iyer reports from London pic.twitter.com/7LejD5WALa, UK To Get New Prime Minister Soon Watch LIVE on NDTV app and website#LizTruss#RishiSunakhttps://t.co/nnnujtxAid. Rishi Sunak is leading the race to be the next PM of UK. Priti Patel resigns as UK's Home Secretary: Report. UK Prime Minister Race: Rishi Sunak is facing Liz Truss in the UK Prime Minister race. Former finance minister Rishi Sunak will be the United Kingdoms next prime minister after seeing off his lone remaining rival in the fast-tracked race to become Conservative party leader on Monday. A recent mini budget by Truss, which triggered her downfall, pushed up borrowing costs and mortgage rates, and sent investors fleeing. He will have an audience with Truss on Tuesday morning before meeting with Sunak. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Ahead of the TV debate cancellation, former Cabinet minister Brandon Lewis said the campaign had so far been "plagued by allegations of dark arts and dirty tricks". Penny Mordaunt, who lost out to Sunak, said his election was an "historic one and shows, once again, the diversity and talent of our party," she said. Scottish leader Nicola Sturgeon also criticized the way Sunak came to power and renewed her call for Scottish independence. Watch: Truss promises bold plan to cut taxes, #WATCH | I'll deliver a bold plan to cut taxes & grow our economy, on the energy crisis & long-term issues on energ https://t.co/QnJq7sqhey, Watch: Liz Truss defeats Rishi Sunak to become the new Prime Minister of the United Kingdom, #WATCH | #LizTruss defeats #RishiSunak to become the new Prime Minister of the United Kingdom (Video: ANI) https://t.co/JBAEsSk79D, I also want to thank our outgoing leader, my friend, Boris Johnson. All Rights Reserved. But as Britains third prime minister in seven weeks, Sunak is facing an enormous task. She takes over a country in serious economic crisis. It was Truss as International Trade Secretary who signed off on the India-UK Enhanced Trade Partnership (ETP) for the Boris Johnson led government in May last year, which marked the starting point of the ongoing free trade agreement (FTA) negotiations. Elizabeth Truss: All you need to know about UK's next PM, UK PM Election Results 2022 LIVE Updates: UK's Priti Patel resigns as Home Secretary, Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. Writing in the Sunday Telegraph newspaper on the eve of the announcement on who will replace Prime Minister Boris Johnson, Truss repeated her pledge to be bold in tackling Britain's economy, which is struggling with double-digit inflation and is facing recession. People vote for representatives in their local areas, known as a constituency. . Did you encounter any technical issues? "There is no leeway on him being anything other than extraordinarily conservative and cautious," he said. | CNN Britons to learn who will succeed Boris Johnson as their country faces looming. London: A senior Conservative Party MP and former minister on Saturday issued a ringing. The United Kingdom is a great country, but there is no doubt we face a profound economic challenge, Sunak said during the statement on Monday afternoon. UK Tory leadership race: What time will Britain's new prime minister be announced and what happens next? With Labour way ahead in opinion polls, it is very unlikely he will take that step. But he has come under fire for clinging to fiscal orthodoxy to tackle runaway inflation and has been hamstrung by his image as a wealthy technocrat. 2. Former finance minister Rishi Sunak came out on top in the latest round of voting Thursday by Conservative MPs to decide Britain's next prime minister, followed by bookmaker favourite Penny . Thursday (December 8) marks two . We will deliver a great victory for the Conservative Party in 2024, The possible ministers in Britain's new government. Former Chancellor Rishi Sunak on Tuesday maintained his lead with 118 votes in the fourth and latest round voting in the race to replace Boris Johnson as the Conservative Party leader and British Prime Minister. For reprint rights: Times Syndication Service. His family migrated to Britain in the 1960s, a period when many people from Britain's former colonies moved to the country to help it rebuild after World War Two. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Labor's Starmer, a former Director of Public Prosecutions, is a good bet to win. British former finance minister Rishi Sunak held on to his lead on Tuesday among Conservative lawmakers in the race to replace Boris Johnson as prime minister, but his two remaining rivals were . One of the wealthiest politicians in Westminster, Sunak, 42, will become the country's youngest leader in modern times - and its third in less than two months - as he takes over during one of the most turbulent eras in British political history. EXETER, EnglandForeign Minister Liz Truss has consolidated her lead in recent days over her rival Rishi Sunak in the race to become the next British prime . The next round of voting is expected on Tuesday to whittle down the further shortlist, with votes scheduled until only two candidates remain in the fray by Thursday. [1/4]New leader of the Britain's Conservative Party Rishi Sunak waves outside the Conservative Campaign Headquarters, in London, Britain October 24, 2022. After several knock-out rounds this past week, here are the remaining five candidates for . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Everyone here is so thrilled to hear that news, Chandarana, the president of the Vedic Society Hindu Temple in Southampton, told CNN. After winning the leadership race, she vowed to press ahead with promises of tax cuts and to deal with a growing energy crisis. Other Conservatives say he is too rich to understand the day-to-day economic pressures building in Britain, and worry whether he could ever win an election for a party that has been in power for 12 years. PRIME MINISTER UK Prime Minister race: Liz Truss gains upper hand over rival Rishi Sunak, here's how Liz Truss has been rated at 90.09 per cent, in the race for the next permanent leader. Writing in 'The Times', the senior Tory MP said that "aggressive briefing and counter-briefing only adds to (Opposition) Labour's research folders", and would prove a "gift to the Opposition". The 47-year-old senior Cabinet minister was widely expected to become the third female British Prime Minister after over 170,000 online and postal votes cast by Tory members, ending Sunak's historic run as the first member of Parliament of Indian heritage to compete for the top job at 10 Downing Street. Labour has held record leads in opinion polls of more than 25 points ever since Truss's budget sent shockwaves through financial markets. Rishi Sunak is set to become the UKs latest Prime Minister this week replacing the countrys shortest-serving leader . Congratulations @trussliz for being chosen to be the next PM of the UK. The industry leader for online information for tax, accounting and finance professionals. He criticized Truss economic plan which ultimately sparked panic in the financial markets and led to her demise. As Mordaunt is defeated, Truss and Sunak advance to the final round of the Tory leadership contest. Liz Truss will become Britain's next prime minister on Tuesday and will immediately appoint a Cabinet of loyalist MPs as her government begins a race against time to set out plans to deal with . You crushed Jeremy Corbyn. His successor will follow him and be asked to form a government. New Delhi: Liz Truss has defeated Rishi Sunak to be the new Prime Minister of Britain. World News | UK Opposition Labour Party Wins By-election in Electoral Blow to PM Rishi Sunak. It is the greatest privilege of my life to be able to serve the party I love and give back to the country I owe so much to, he said in a brief televised statement. Your effort and contribution in providing this feedback is much UK Prime Minister Election Results: Liz Truss and Rishi Sunak spent the summer rallying support. Ahead of a key head-on televised BBC debate between the two finalists former Chancellor Rishi Sunak and Foreign Secretary Liz Truss on Monday night, the tone of the contest has been getting increasingly fierce. "In reality, the Tories' latest iteration of 'authoritarian populism' is simply an attempt to pin the blame on trans people for the failures of successive Conservative administrations, which have overseen skyrocketing inequality and the largest fall in living standards on . CNN understood that the King was traveling to London from the private royal estate of Sandringham on Monday afternoon, as had always been his plan. He increased his tally from Monday's 115, while Trade Minister Penny Mordaunt got 92 votes and Foreign Secretary Liz Truss 86 votes leaving the race to clinch second place still open. See here for a complete list of exchanges and delays. Sunak's appointment is another first for Britain - he will become the country's first prime minister of Indian origin. The UK generally holds elections every five years. For Scotland, of course, he becomes another PM we did not and, without doubt would not vote for even if given the chance. . The winner of that ballot will go on to be elected the new Tory leader and take over from caretaker Boris Johnson as the new British Prime Minister by September 5. This will be the first time in history that the appointment is made outside of England and Buckingham Palace as the 96-year-old monarch reduces her travels with age. In his final interview with the BBC before the results are declared, the British Indian former Chancellor said he plans to stay on as a member of Parliament and continue to work for his constituents in Richmond, Yorkshire, if he is defeated by Foreign Secretary Liz Truss in the race. To escape the damage of Westminster governments with no mandate here, and take our future into our own hands, Scotland needs independence, Sturgeon said. Gujarat Election 2022: Upcoming election is about deciding Gujarat's fate for the next 25 years, says Prime Minister Modi Gujarat Election 2022: Addressing the public in Banaskantha district's Palanput town, the Prime Minister said that the time has come to take a "giant leap," and build on the many developmental projects already carried out by . ), A snap poll after the debate put Sunak in the lead but Truss was trailing in last place, Sunak's camp has indicated that he would be open to more debates if he qualifies for the final two, The winner of that ballot will go on to be elected the new Tory leader and take over from caretaker Boris Johnson as the new British PM by September 5. The Techne UK "best Prime Minister" tracker poll for Express.co.uk has charted which one of Sir Keir or Rishi Sunak voters would rather see in 10, Downing Street. His withdrawal leaves former Treasury chief Rishi Sunak the strong favorite to be Britain's next prime minister. Over that period the country has been buffeted from crisis to crisis, and now faces what is forecast to be a long recession triggered by sky-rocketing inflation which hit 10.1 per cent in July. There's no set date for the next general election in the UK, but it must be held no later than Thursday, January 23, 2025. The U.K. prime ministerial race frontrunner, Foreign Secretary Liz Truss, continues to hold on to a commanding 22-point lead over former Chancellor Rishi Sunak in the Conservative Party leadership . Former finance minister Sunak was only two votes short of securing his place in the final two after Tuesday's voting, but the race behind him tightened as Truss clawed back five votes to finish only six behind . Monday marks the pinnacle of what has been an astonishingly quick rise to power for Sunak. LONDON Former British Treasury chief Rishi Sunak was the front-runner Sunday in the Conservative Party's race to replace Liz Truss as prime minister. New Delhi, UPDATED: Jul 20, 2022 07:55 IST. LONDON Oct 24 Reuters - Rishi Sunak will become Britains first prime minister of colour on Tuesday after he won the race to lead the Conservative Party tasked with steering a. Boris Johnson said it. Here's everything you need to . British Conservative politicians on Sunday launched two campaigns to address concerns about the direction of the party and the government, the latest challenge to new Prime Minister Rishi Sunak's attempts to unite a fractured party. Prime minister uk liste. After his own audience with the King, Mr. Economists and investors welcomed Sunak's appointment, but questioned whether he can tackle the country's finances while holding the party's warring factions together. London: The final two candidates to become UK prime minister will be decided Wednesday, with Foreign Secretary Liz Truss and Penny Mordaunt battling it out with frontrunner Rishi Sunak. He told the country it faced a "profound economic challenge". The former chancellor received 118 votes in the fourth round of voting by his party colleagues, as Kemi Badenoch . Politics latest: Union boss claims ministers 'torpedoed' strike talks, shadow chancellor asked if Labour would agree to public sector pay demands . He was first elected into Parliament in 2015 and became a junior minister in 2017. He was seen as the more moderate of the two candidates. Britain's opposition Labour Party has won a special election for a northwest England seat in Parliament, the first test of voter sentiment since Conservative Prime Minister Rishi Sunak took . Queen Elizabeth II is scheduled to formally name Truss as Britains prime minister on Tuesday. He was Chief Secretary to the. Former UK Chancellor Rishi Sunak on Monday, 18 July, topped the latest round of voting held among the Conservative Party members of the British Parliament to replace Boris Johnson as prime minister. Labour by-election win shows public are 'fed up' with Tories, says Starmer. British government bonds rallied aggressively in the run-up to Sunak's victory, and extended their gains on Monday. Speaking after the announcement, Sunak said he was humbled and honored to have been elected leader. The head of the gambling sector's standards body has said he hopes ministers have listened to both his industry and to British racing over the controversial subject of affordability checks as the wait for the gambling review white paper draws closer to its conclusion. The ceremony will take place at the queens Balmoral estate in Scotland, where the monarch is vacationing, rather than at Buckingham Palace. The cancellation of Tuesday's debate comes amid concerns in the Tory party about the harsh tone of the campaign. Explainer: How Britain is exploiting Brexit to reform finance? He guided the UK through the Covid-19 pandemic, putting in place a giant financial stimulus package. If the results are as the latest poll suggests, Foreign Secretary Liz Truss will lead the Conservative Party and subsequently become the third female prime minster of the UK. The battle to succeed Boris Johnson is heating up, with Penny Mordaunt, Liz Truss and Kemi Badenoch vying to join Rishi Sunak in the final run-off after a vote on Monday left the race for second . Pound dips as Rishi Sunak prepares to confront UK's huge economic challenges. Liz Truss, the outgoing prime minister, will hold her final Cabinet meeting at around 9am before going to Buckingham Palace for an audience with the King. Boris Johnson was forced to announce his resignation in July after months of scandal and he will travel to Scotland to meet Queen Elizabeth on Tuesday to officially tender his resignation. Sunak will become the first person of color and the first Hindu to lead the UK. She. The winning party then chooses the PM. While the top tier of the voting tally remains largely unchanged, Sunak has picked up 14 more votes from the previous round of 101, however, Mordaunt has dropped one from 83 in the second voting round last week. Copy and paste or download a list of the Prime Ministers of the United Kingdom. "Rishi has my full support. His government has survived. He replaces Liz Truss, who only lasted 44 days before she said she would resign, needing to restore stability to a country reeling from years of political and economic turmoil and seeking to lead a party that has fractured along ideological lines. Sunak, like Truss, has not had to win a general election to become prime minister because the Conservatives are still the largest party in the House of Commons, therefore their leader automatically becomes prime minister. France Election Who S Who In The Race To Unseat Macron Euronews . Writing by Kate Holton, additional reporting by Sachin Ravikumar, Muvija M, William James, Paul Sandle, James Davey, Andy Bruce; Editing by Angus MacSwan, Hugh Lawson and Toby Chopra, Lockerbie plane bombing suspect taken into U.S. custody, British trade minister heads to India to kick off new round of trade talks, King Charles releases photo for first Christmas card as monarch, British PM Sunak faces new demands from his fractious party, 'Wonders of Wrexham': King Charles meets Hollywood stars at lowly Welsh club. 3:15 PM EDT, Mon October 24, 2022, See the moment Tory Party announced Sunak to be next British PM, Conservative leadership candidate Rishi Sunak speaks at a Conservative Party leadership campaign event in Grantham, Britain, July 23, 2022. Sunaks rise is a historic moment for Britains South Asian community, said Sanjay Chandarana, who heads a Hindu temple co-founded by Sunaks grandparents in 1971. REUTERS/Maja Smiejkowska. Liz Truss is holding a commanding lead over Rishi Sunak in the race to become the next UK prime minister. Amid the turmoil, polls show that Britons want an election. Sunaktook a huge step toward becoming the UKs next prime minister as former premierBoris Johnsonpulled out of the contest after a weekend of vacillation and as he won the endorsement of Chancellor of the ExchequerJeremy Hunt. LONDON, Oct 21 (Reuters) - Boris Johnson has been gaining momentum in his audacious bid to return as British prime minister, with his colleagues deeply divided over the potential comeback and. Rishi Sunak (+400) - Sunak lost out to Truss in the race to . Two candidates Liz Truss and Rishi Sunak are vying to be the new face of British Conservatism;. Moments before the number of nominations were due to be announced, Mordaunt pledged her full support to Sunak. Track Latest News and Assembly Election 2022 Coverage Live on NDTV.com and get news updates from India and around the world. The other potential candidate, Penny Mordaunt, conceded after failing to meet the threshold of nominations from lawmakers required to progress to the next stage of the race. Updated "I see the UK and India in a sweet spot of the trade dynamics that are building up," Truss had said soon after signing the ETP. Johnson, the face of the Brexit vote, led his party to a landslide victory in 2019, only to be driven out of office less than three years later after a series of scandals. He told his lawmakers in parliament on Monday that they faced an "existential crisis" and must "unite or die". UK Prime Minister Race: Rishi Sunak Wins Fourth Round Leadership Contest Vote. Penny Mordaunt crashed out of the race Wednesday after. Because that is the only way we will overcome the challenges we face and build a better, more prosperous future for our children and our grandchildren, he added. Among the many messages of support, he received "warmest congratulations" from Indian leader Narendra Modi. According to the BBC, the foreign minister wants to focus on hustings between Tory MPs, who hold the current voting power, and Sunak's camp has indicated that he would be open to more debates if he qualifies for the final two. UK. He could win the . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. This article is a list of prime ministers of the Kingdom of Great Britain and the United Kingdom. Liz Truss has defeated Rishi Sunak to be the new Prime Minister of Britain. But the fact that Sunak is the UKs third prime minister since the last poll in 2019 and the second to come into power without a public vote adds to the pressure. 2022 Cable News Network. All quotes delayed a minimum of 15 minutes. Prime Minister Boris Johnson announced on July 7 that he was quitting as Conservative leader after a government rebellion in protest at his scandal-hit administration. Its not unusual for a prime minister to come into office without an election four of the last five British prime ministers first entered the role without a general election. I am thoroughly British, this is my home and my country, but my religious and cultural heritage is Indian, my wife is Indian. Sunak, 42, has consistently topped the shortlist since voting began last week and won 118 in the fourth round, just shy of the 120 . Truss also congratulated Sunak following the announcement, saying on Twitter that he has her full support.. His successor Truss lasted just over six weeks before she too was forced out. The first real test of unity will come on Oct. 31, when finance minister Jeremy Hunt - the fourth person in the role in four months - is due to present a budget to plug a black hole in the public finances that is expected to have ballooned to up to 40 billion pounds. He added that Sunak had shown composure when he became finance minister just as the COVID-19 pandemic hit Britain. The magic number is seen as 120, with the candidate receiving the backing of at least 120 of his or her Conservative Party colleagues guaranteed a spot in the final shortlist of two candidates to compete for the Tory membership votes. UK. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. National's ally the ACT Party climbed two points to 11% support, which would give the pair a parliamentary majority if the results were replicated at the election. We now need stability and unity and I will make it my utmost priority to bring our party and our country together. Rishi Sunak: The super-rich former banker who will be the first person of color to lead Britain. Rishi was announced as the new Conservative leader and incoming Prime . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. "There has also been an undercurrent that some of the attacks on him have been very seemingly racist but by and large, it has been a positive reception," he said. (Photo: Reuters) By India Today Web Desk: Former British Finance Minister Rishi Sunak won the fourth round of voting with 118 votes and is leading in the race to replace Boris Johnson as British prime minister and leader of the Conservative . King Charles toured the grounds of the lowly Welsh soccer club Wrexham owned by Ryan Reynolds and Rob McElhenney on Friday, talking to the Hollywood actors about their dream of steering the team to sporting glory. LONDON, United Kingdom (AFP) Eight Conservative MPs will vie to . appreciated. He is also already under intense fire from opposition politicians. Get latest articles and stories on World at LatestLY. UK Prime Minister election results 2022 date today: As a devout Hindu, Sunak is a regular at the temple where he was born in Southampton and his daughters, Anoushka and Krishna, are also rooted in the Indian culture. His campaign got a big boost when his former boss and rival, former Prime Minister Boris Johnson, withdrew from the race on Sunday night. After all, it was Truss as International Trade Secretary who signed off on the India-UK Enhanced Trade Partnership (ETP) for the Boris Johnson led government in May last year, which marked the starting point of the ongoing free trade agreement (FTA) negotiations. Angela Rayner, deputy leader of the opposition Labour Party, said the Conservatives had "crowned Rishi Sunak as prime minister without him saying a single word about how he would run the country and without anyone having the chance to vote.". (Except for the headline, this story has not been edited by Zee News staff and is published from a syndicated feed. At the same time, Britain is facing major economic crisis, with many economists believing it is already in recession. A South Asian, Indian origin prime minister in the UK. Says she will pay for the cuts by spreading the UK's "Covid debt" over a longer period; Confident that under your leadership, the I https://t.co/DD5kb8jayk, UK PM-elect Liz Truss committed to 'sweet spot' of India ties. Former Chancellor Rishi Sunak on Monday topped the latest round of voting among the Conservative Party members of Parliament as the race to replace Boris Johnson as Prime Minister narrowed. Sunak, who will be appointed prime minister by King Charles on Tuesday, will also have to work hard to hold Britain's dominant political party together after some accused him of treachery earlier this year when he resigned from the cabinet of former leader Boris Johnson, triggering his downfall too. At 42, he is also the youngest person to take the office in more than 200 years. They will decide on the new prime minister for the UK population of more than 67 million. A Warner Bros. According to the law, the next general election must happen no later than in January 2025. LONDON, Oct 24 (Reuters) - Rishi Sunak will become Britain's first prime minister of colour on Tuesday after he won the race to lead the Conservative Party, tasked with steering a deeply divided country through an economic downturn set to leave millions of people poorer. By Monday he had secured the support of more than half of the partys 357 MPs. Sunak is under no obligation to call a vote. Former chancellor Rishi Sunak, who lost the vote 57-43 per cent, said he was "proud" of the campaign he ran and indicated once again that he did not plan to serve in a Truss-led Cabinet if offered a job. I will deliver on the energy crisis, dealing with people's energy bills, but also dealing with the long term issues we have on energy supply. Britain has been locked in a state of perma-crisis ever since it voted in 2016 to leave the European Union, unleashing a battle at Westminster over the future of the country that remains unresolved to this day. Keir Starmer (+150) - The leader of the opposition is the betting favorite in the odds to become the next UK prime minister. If Truss wins, she would become the third woman British prime minister after Margaret Thatcher and Theresa May. Sunak officially declared hed be standing on Sunday after securing the support of 100 Conservative lawmakers, the necessary threshold set by party officials. Stay with TOI for latest updates: 5 'unprecedented' events in recent months: Why there's a sense of unease in Chin Tata's Air India close to placing 'historic' order for 500 jets, Why 1 crore Indians are at risk of heart attack in gyms, Terms of Use and Grievance Redressal Policy. Historian and political biographer Anthony Seldon told Reuters that Sunak had the most difficult economic and political inheritance of any British leader since World War Two, and would be constrained by the mistakes made by his predecessor Truss. Opinion: Britain has a new prime minister -- that no one in Britain voted for. While he agreed with Truss that taxes should be lower, he said any cuts could only happen once inflation was brought under control, which could take several years. Get more World News and Business News on Zee Business. London: Former Chancellor Rishi Sunak on Monday topped the latest round of voting among the Conservative Party members of Parliament as the race to replace Boris Johnson as Prime Minister. Advertisement Press Trust of India London, UPDATED: Jul 22, 2022 15:47 IST Prices of UK government bonds rose at the fastest pace ever, sending borrowing costs skyrocketing. Britain's former finance minister Rishi Sunak held onto his lead in the race to become Britain's next prime minister on Monday as another hopeful was knocked out, leaving four candidates in an . Long the front-runner in the race to replace Johnson, Truss will become the Conservatives' fourth prime minister since a 2015 election. After a bitter contest, Truss won 57% of the votes from Conservative Party members compared to 43% for her rival, former finance minister Rishi Sunak, a margin that although comfortable was not as overwhelming as some polls suggested. Culture Secretary Nadine Dorries, a Johnson loyalist who is backing Truss in the race, took to Twitter on Monday morning to quote tweet . In there, he showed a capacity to marshal the whole party.". 80 rows The . Special Diwali wishes to the living bridge of UK Indians, as we transform our historic ties into a modern partnership, Modi said on Twitter. The final two will then hold hustings up and down the UK to win over the Conservative Party's membership of around 160,000 eligible voters to cast postal ballots in their favour. Liz Truss was named as Britain's next prime minister on Monday, winning a leadership race for the governing Conservative party at a time when the country faces a cost of living crisis, industrial unrest and a recession. Sir Graham Brady, the chairman of the 1922 campaign, has released the results of the final round of MP voting in the race for the Tory . I am open about being a Hindu, Sunak told Business Standard. LONDON (AP) Britain's opposition Labour Party has handily won a special election for a northwest England seat in Parliament, the first test of voter sentiment since Conservative Prime Minister Rishi Sunak took office in October.. Labour held onto the City of Chester constituency with an increased vote share of 61%, according to results announced Friday. Discovery Company. Bitter Race to Lead U.K. Is Ending With Little to Offer for Economic Ills. The British-Indian former finance minister received 115 votes in the third round of voting, with Trade Minister Penny Mordaunt holding on to the second spot with 82 votes followed by Foreign Secretary Liz Truss with 71 votes, and former equalities minister Kemi Badenoch at 58 votes. Indian Prime Minister Narendra Modi on Monday offered his warmest congratulations to Sunak, calling the incoming Prime Minister a bridge between both countries. The British-Indian former finance minister received 115 votes in the third round of voting, with Trade Minister Penny Mordaunt holding on to the second spot with 82 votes followed by Foreign Secretary Liz Truss with 71 votes, and former equalities minister Kemi Badenoch at 58 votes. How UK's race for prime minister is marred by transphobia . Here is a look at who could replace Truss as PM. The multi-millionaire former hedge fund boss will be expected to make deep spending cuts to try to rebuild Britain's fiscal reputation, just as the country slides into one of the toughest downturns in decades, hit by the surging cost of energy and food. says Prime Minister. Ardern remains the country's most-preferred prime minister, on 29% to National leader Christopher Luxon's 23%, but her rating has halved from more than 60% in 2020. Subscribe to Business Standard Premium Warns UK faces a profound economic challenge LONDON, Oct 24 (Reuters) - Rishi Sunak will become Britain's first prime minister of colour on Tuesday after he won the race to lead the. As a former chancellor, Sunak has experience of economic crisis-fighting. The race to succeed Boris Johnson as British Prime Minister got bloody for the governing Conservative Party on Sunday, with reports of damaging briefings against frontrunner Rishi Sunak and. 24 Oct 2022 (21:18 GMT) Rishi Sunak wins the Conservative Party leadership race and is set to become the United Kingdom's next prime minister. It was Johnson who gave Sunak his first major government role, appointing him as chief secretary to the Treasury in 2019 and promoting him to chancellor in 2020. The Conservatives do not have to hold one until January 2025. Our Standards: The Thomson Reuters Trust Principles. UK Prime Minister Election Results: Liz Truss and Rishi Sunak spent the summer rallying support. Britain's Conservative Party members chose Ms. Truss, the hawkish foreign secretary, over Rishi Sunak, the former chancellor of the Exchequer. Henry VIII military letter, handwritten Mozart music on offer at auction, Britain rebuffs calls from oil and gas bosses to amend windfall tax, UK's Hunt says public-sector pay restraint needed to tame inflation, See here for a complete list of exchanges and delays, Sunak to become prime minister after winning party race, He will be appointed by King Charles on Tuesday, Warns UK faces a profound economic challenge. The winner of the party vote is set to be announced Sept. 5 and will become the U.K.'s new prime minister. UK PM Election Results 2022 LIVE Updates: UK's Priti Patel resigns as Home Secretary Liz Truss was named as Britain's next prime minister on Monday, winning a leadership race for the governing Conservative party at a time when the country faces a cost of living crisis, industrial unre. Sunak officially declared he'd be standing on Sunday, after securing the support of 100. Conservative Party leadership candidate Rishi Sunak leaves his campaign office, in London, Sunday, Oct. 23, 2022. Sunak attended Oxford University and Stanford University where he met his wife Akshata Murthy, whose father is Indian billionaire N. R. Narayana Murthy, founder of outsourcing giant Infosys Ltd. What are the major challenges facing Britain's new prime minister? His own party is divided and increasingly unpopular following four months of political turmoil and financial market chaos. Uk prime minister race latest. Sunak is set to replace Liz Truss, who will become the shortest-serving prime minister in UK history. We need a general election so the public get a say on the future of Britain and the chance for a fresh start with Labour, she said. REUTERS/Peter Nicholls. Its a Barack Obama moment for us. The UK was not part of Frontex while it was an . While he has not given any details on his planned policies in the past few days, he positioned himself as the sound finance candidate when he ran against Truss in the previous Conservative leadership contest over the summer. The development follows weeks of turmoil; Sunak. London: Former Chancellor Rishi Sunak on Monday topped the latest round of voting among the Conservative Party members of Parliament as the race to replace Boris Johnson as Prime Minister narrowed down to four, with Tom Tugendhat out of the contest after receiving the lowest votes. Investors appeared to welcome Sunaks ascent to power. The UK's Tory leadership race is in its final stage with less than 11 days until a winner is announced. Britain's next prime minister Liz Truss had a smaller margin of victory on Monday than any of her predecessors, suggesting she might have to work hard to heal a governing party deeply divided and lagging in opinion polls. Tom Tugendhat, Tory backbencher and House of Commons Foreign Affairs Committee Chair, dropped his tally from the previous 32 to 31 votes and was knocked out of the contest. She beat her rival by 81,326 votes to 60,399, after a summer-long internal contest sparked by Boris Johnson's resignation in July. In a poll outcome perceived as the first electoral test of British Prime Minister Rishi Sunak's leadership, the Opposition Labour Party won an important by-election with an increased margin in a north-west England constituency on Friday. Oct. 23, 2022 LONDON Boris Johnson pulled out of the race to succeed Liz Truss as Britain's prime minister on Sunday evening, ending a quixotic bid to reclaim a job he lost three months ago. She previously committed herself to getting the India-UK FTA done, preferably by Diwali the deadline set by predecessor Boris Johnson but "definitely by the end of the year". Conservatives are one family; time to unite behind Truss: says Sunak after defeat in UK leadership race. This combination photo shows the eight candidate in the race to become the next UK prime minister. Citigroup estimates inflation in the United Kingdom could peak at 18 per cent8 in early 2023, while Goldman Sachs warns it could reach 22 per cent if natural gas prices "remain elevated at current . Sunak will become prime minister on Tuesday once he is officially appointed by King Charles III and will be the first prime minister appointed by the new King following the death of Queen Elizabeth II in September. 1-min read Owen Humphreys, AP Britain's ex-finance minister Rishi Sunak again. . Sunak garnered the public support of. Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics. ", Veteran lawmaker Crispin Blunt told Reuters after Sunak met lawmakers in a room in parliament: "The party will remain united, not least because we don't have a choice. Stay with TOI for latest updates:Read Less. Many Conservative lawmakers appeared relieved that the party had at least selected a new leader quickly. Liz Truss was named as Britain's next prime minister on Monday, winning a leadership race for the governing Conservative party at a time when the country faces a cost of living crisis, industrial unrest and a recession. Truss has improved her tally from 64 and Badenoch is up from 49 in the last round. Sunaks grandparents were born in India and his parents emigrated to the UK from East Africa in the 1960s. It is believed the decision is influenced by the clashes between the two candidates over disagreements on tax and economic measures as former Cabinet colleagues in the Boris Johnson-led government. The foreign secretary has won the race to replace Boris Johnson as prime minister after a two-month contest. You rolled out the vaccine and you stood up to Vladimir Putin, I will deliver a bold plan to cut taxes and grow our economy. The contest to succeed Boris Johnson as Conservative Party leader and prime minister has often seemed divorced from . Read More News Updates All Key Events 22:35 (IST) Sep 05 "I think this decision sinks us as a party for the next election," one Conservative lawmaker told Reuters on condition of anonymity. The pound ticked up against the US dollar on Monday, while the FTSE 250 index of UK companies gained ground. . LONDON Liz Truss will face Rishi Sunak in the final round of a closely fought race to succeed Boris Johnson as U.K. prime minister. .. Advertisement .. UK PM Election Results Highlights: Liz Truss Is The New UK PM, In a letter to outgoing UK Prime Minister Boris Johnson, Ms Patel wrote, "It is my choice to continue my public service to the country and the Witham constituency from the backbenches, once Liz Truss formally assumes office and a new Home Secretary is appointed.". CNNs Rob Picheta, Luke McGee, Max Foster, Allegra Goodwin, Claudia Rebaza and Eve Brennan contributed reporting. More on this later. Rishi Sunak makes second bid to become UK's Prime Minister. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Sunak has spoken publicly about his British Indian heritage, telling the Business Standard in a 2015 interview that he ticks British Indian on the census. The Conservative Party has already ousted two prime ministers in 2022 - Boris Johnson and Liz Truss - and trails the opposition Labour party in the polls by double . Boris, you got Brexit done. CNN Sans & 2016 Cable News Network. The Rt Hon Oliver Dowden CBE MP. The vote . The latest breaking news, comment and features from The Independent. Professor Pant said that Sunak's. Foreign Secretary Truss has in contrast emerged as the favourite in the vote of grassroots Tory members, the result of which will be announced Monday. 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A snap poll after the debate put Sunak in the lead but Truss was trailing in last place. The tension played out live on air as Truss clashed with Sunak repeatedly during an 'ITV' debate on Sunday, sparking concerns of damaging Tory infighting. "We now need stability and unity, and I will make it my utmost priority to bring our party and our country together," he said. UK PM race: The United Kingdom is all set to elect a new leader on Monday as the final countdown in the over six-week-long gruelling campaign for the governing Conservative Party has begun.. UK foreign secretary Truss on Monday defeated Indian-origin former chancellor Rishi Sunak to be named the winner of the Conservative Party leadership contest and will now go on to formally take charge as British Prime Minister as Boris Johnson's successor. Conservative Party members on Monday, 5 September, elected Liz Truss to be their next leader, effectively making her the next prime minister of the United Kingdom. The last few rounds of voting are being held this week as a third live television debate, scheduled to be hosted by 'Sky News' on Tuesday evening, was cancelled after the channel said both Sunak and Truss had declined to take part. The race to become the next leader of the Conservative Party, and the UK's new prime minister, ended last Friday with the winner announced on Monday 5 September. The party that wins the most constituencies is declared the winner of the election. Also read:'Who would have thought 75 years ago': Zerodha co-founder backs Indian-origin Rishi Sunak, likely next UK PM. "I congratulate Liz Truss on being elected our new Leader, and will give her my support as our new Prime Minister," Patel said in her resignation letter to current prime minister Boris Johnson, which she posted on Twitter. 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