What are the major challenges facing Britain's new prime minister? Congratulations @trussliz for being chosen to be the next PM of the UK. 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. Labour by-election win shows public are 'fed up' with Tories, says Starmer. 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. The development follows weeks of turmoil; Sunak. 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. Queen Elizabeth II is scheduled to formally name Truss as Britains prime minister on Tuesday. . Professor Pant said that Sunak's. UK. 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. . He could win the . 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. 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. His successor Truss lasted just over six weeks before she too was forced out. His withdrawal leaves former Treasury chief Rishi Sunak the strong favorite to be Britain's next prime minister. 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.". 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. 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. 2022 Cable News Network. Uk prime minister race latest. Conservative Party leadership candidate Rishi Sunak leaves his campaign office, in London, Sunday, Oct. 23, 2022. After winning the leadership race, she vowed to press ahead with promises of tax cuts and to deal with a growing energy crisis. UK Prime Minister Election Results: Liz Truss and Rishi Sunak spent the summer rallying support. "I think this decision sinks us as a party for the next election," one Conservative lawmaker told Reuters on condition of anonymity. Your effort and contribution in providing this feedback is much 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. 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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. 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. The winning party then chooses the PM. 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. He is also already under intense fire from opposition politicians. Rishi Sunak (+400) - Sunak lost out to Truss in the race to . Amid the turmoil, polls show that Britons want an election. Here's everything you need to . By Monday he had secured the support of more than half of the partys 357 MPs. 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. 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. 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 . ", 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. Liz Truss has defeated Rishi Sunak to be the new Prime Minister of Britain. 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. 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. 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 . After his own audience with the King, Mr. 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". ), 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. Boris, you got Brexit done. 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 . 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. 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 Prime Minister Race: Rishi Sunak Wins Fourth Round Leadership Contest Vote. We will deliver a great victory for the Conservative Party in 2024, The possible ministers in Britain's new government. 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. 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. His successor will follow him and be asked to form a government. 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. New Delhi, UPDATED: Jul 20, 2022 07:55 IST. With Labour way ahead in opinion polls, it is very unlikely he will take that step. At the same time, Britain is facing major economic crisis, with many economists believing it is already in recession. CNNs Rob Picheta, Luke McGee, Max Foster, Allegra Goodwin, Claudia Rebaza and Eve Brennan contributed reporting. The industry leader for online information for tax, accounting and finance professionals. 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. Our Standards: The Thomson Reuters Trust Principles. This combination photo shows the eight candidate in the race to become the next UK prime minister. Read More News Updates All Key Events 22:35 (IST) Sep 05 Confident that under your leadership, the I https://t.co/DD5kb8jayk, UK PM-elect Liz Truss committed to 'sweet spot' of India ties. Culture Secretary Nadine Dorries, a Johnson loyalist who is backing Truss in the race, took to Twitter on Monday morning to quote tweet . The contest to succeed Boris Johnson as Conservative Party leader and prime minister has often seemed divorced from . 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. Copy and paste or download a list of the Prime Ministers of the United Kingdom. He criticized Truss economic plan which ultimately sparked panic in the financial markets and led to her demise. Sunak will become the first person of color and the first Hindu to lead the UK. But as Britains third prime minister in seven weeks, Sunak is facing an enormous task. 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. Discovery Company. Also read:'Who would have thought 75 years ago': Zerodha co-founder backs Indian-origin Rishi Sunak, likely next UK PM. [1/4]New leader of the Britain's Conservative Party Rishi Sunak waves outside the Conservative Campaign Headquarters, in London, Britain October 24, 2022. A recent mini budget by Truss, which triggered her downfall, pushed up borrowing costs and mortgage rates, and sent investors fleeing. 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. UK. 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. 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. New Delhi: Liz Truss has defeated Rishi Sunak to be the new Prime Minister of Britain. 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. Sunak garnered the public support of. Get more World News and Business News on Zee Business. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. If Truss wins, she would become the third woman British prime minister after Margaret Thatcher and Theresa May. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. A South Asian, Indian origin prime minister in the UK. The task will be helped by a recovery in the bond market, with the 30-year gilt , which suffered unprecedented losses after the mini-budget on Sept. 23, now recovered to levels close to those seen early on that day. says Prime Minister. He is set to replace Liz Truss, who will become the shortest-serving prime minister in UK history. 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. The cancellation of Tuesday's debate comes amid concerns in the Tory party about the harsh tone of the campaign. A snap poll after the debate put Sunak in the lead but Truss was trailing in last place. All quotes delayed a minimum of 15 minutes. Moments before the number of nominations were due to be announced, Mordaunt pledged her full support to Sunak. In there, he showed a capacity to marshal the whole party.". appreciated. Britain's Conservative Party members chose Ms. Truss, the hawkish foreign secretary, over Rishi Sunak, the former chancellor of the Exchequer. Investors appeared to welcome Sunaks ascent to power. Scottish leader Nicola Sturgeon also criticized the way Sunak came to power and renewed her call for Scottish independence. This article is a list of prime ministers of the Kingdom of Great Britain and the United Kingdom. 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. 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. Sunak officially declared hed be standing on Sunday after securing the support of 100 Conservative lawmakers, the necessary threshold set by party officials. How UK's race for prime minister is marred by transphobia . The Conservatives do not have to hold one until January 2025. Politics latest: Union boss claims ministers 'torpedoed' strike talks, shadow chancellor asked if Labour would agree to public sector pay demands . Truss has improved her tally from 64 and Badenoch is up from 49 in the last round. 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. 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. Rishi Sunak: The super-rich former banker who will be the first person of color to lead Britain. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. .. 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.". 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 . 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. 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. 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. 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. 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. 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 . 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. Get latest articles and stories on World at LatestLY. The Rt Hon Oliver Dowden CBE MP. Bitter Race to Lead U.K. Is Ending With Little to Offer for Economic Ills. 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. 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". Did you encounter any technical issues? People vote for representatives in their local areas, known as a constituency. The ceremony will take place at the queens Balmoral estate in Scotland, where the monarch is vacationing, rather than at Buckingham Palace. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Sunak 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. Prices of UK government bonds rose at the fastest pace ever, sending borrowing costs skyrocketing. Two candidates Liz Truss and Rishi Sunak are vying to be the new face of British Conservatism;. Labour has held record leads in opinion polls of more than 25 points ever since Truss's budget sent shockwaves through financial markets. 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. Thursday (December 8) marks two . 1-min read Owen Humphreys, AP Britain's ex-finance minister Rishi Sunak again. 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. 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. 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. She. The party that wins the most constituencies is declared the winner of the election. 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. 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. 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. They will decide on the new prime minister for the UK population of more than 67 million. 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. 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. "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. He will have an audience with Truss on Tuesday morning before meeting with Sunak. 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. Sunak is under no obligation to call a vote. See here for a complete list of exchanges and delays. 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. "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 . 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. 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 . 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. Sunak officially declared he'd be standing on Sunday, after securing the support of 100. 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. 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 . 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. 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