Rishi Sunak is likely to be UK's next PM as Penny Mordaunt still scrambling for Tory MP support
Rishi Sunak is likely to be UK's next PM as Penny Mordaunt- the only other candidate- is scrambling to persuade Tory MPs for support. Former PM Boris Johnson has withdrawn his name from the race. Danish gives the latest developments.
UK PM Race LIVE Updates: With Boris Johnson Out, Rishi Sunak May Become Prime Minister Today with 140+ MPs Backing Him
As it stands, Sunak has raced ahead in the count for Tory MPs' support. He currently boasts the public backing of 146 Tory lawmakers. The publicly declared support for Johnson was at 57, and 23 for Mordaunt.
VIEW Rishi Sunak to become Britain's new PM, UK markets rally
Former British finance minister will be Britain's next prime minister after his rivals quit the race, which analysts said had relieved some of the nervousness around the outlook for the UK economy, boosting domestic markets.
Rishi Sunak to become Britain's next prime minister
Rishi Sunak has won the race to be leader of the Conservative Party and will become Britain's next prime minister -- the third this year. The former Treasury chief will be Britain's first leader of colour, and faces the task of stabilizing the party and country at a time of economic and political turbulence.