Rishi Sunak wins Tory race to become next prime minister

Liz Truss resigned after markets crashed following her Mini Budget

Elliot Gulliver-Needham
clock • 1 min read

The former chancellor Rishi Sunak has won the Conservative Party leadership race to become the next prime minister.

Sunak, who received backing from a majority of Conservative MPs, was the only candidate to achieve the threshold of 100 nominations. House of Commons leader Penny Mordaunt, the only other challenger in the race, worked to reach the threshold, but failed to qualify for the race, leaving Sunak as the only candidate and avoiding the need to put the vote to the Conservative party membership. She officially pulled out of the running at 2pm today (24 October) having failed to secure the necessary 100 nominations. Former prime minister Boris Johnson withdrew from the race yesterday (23 Oc...

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