The former finance minister of the United Kingdom Rishi Sunak has emerged as the front-runner to be the country’s next prime minister after Boris Johnson dramatically dropped out of the race to be Conservative Party leader.
The current Prime Minister, Liz Truss, resigned last week after just six disastrous weeks in office. Graham Brady.
CNN quoting a Conservative official responsible for the leadership contest, said a new prime minister would be in place by Friday.
Johnson’s decision to withdraw from the contest leaves Sunak, the former Chancellor of the Exchequer, competing against Leader of the House of Commons Penny Mordaunt.
If both candidates secure the backing of 100 MPs, it will then be up to the roughly 172,000 members of the Conservative Party to pick the new leader in online voting, the report said.
As of Monday morning, Sunak was the only one of the pair to have met the necessary threshold of 100 nominations.
If Sunak remains the only one to have reached this number of backers, he will automatically become the Conservative Party’s new leader. The party’s parliamentary majority ensures he will also become the country’s next prime minister.
Sunak was born in Southampton to parents of Punjabi-Indian descent who migrated to Britain from East Africa in the 1960s.