Page 9 - Rishi Sunak

Sunak declares candidacy to be new UK PM, says he wants to fix economy

Indian-origin former chancellor Rishi Sunak on Sunday formally declared his candidacy to contest the Conservative Party leadership election to replace Liz Truss as British Prime Minister and fix the economy. The 42-year-old is the clear frontrunner as he raced ahead with the backing of at least 128 Tory members of Parliament, even as loyalists of his former boss Boris Johnson claimed he has the necessary 100 MPs needed to make it to the shortlist. While the former Tory leader and prime minister is yet to officially declare his candidacy, the contest is shaping up as a three-way fight between Sunak, Johnson and third-placed Leader of the Commons Penny Mordaunt. The United Kingdom is a great country but we face a profound economic crisis, Sunak tweeted in his campaign pitch. That's why I am standing to be Leader of the Conservative Party and your next Prime Minister. I want to fix our economy, unite our party and deliver for our country, he said. In an accompanying vision statemen

Suella Braverman supports Rishi Sunak as 'unity' candidate for UK PM

Britain's recently-resigned Home Secretary Indian-origin Suella Braverman on Sunday came out in support of Rishi Sunak to replace outgoing Prime Minister Liz Truss as the candidate who can provide unity, stability and efficiency to the governing Conservatives. In a boost to frontrunner Sunak and a blow to former prime minister Boris Johnson's expected bid for Tory leadership, the former minister with significant support on the extreme right of Tory party said Johnson was no longer the best choice for the party or the country. Her intervention comes just days after her dramatic exit from Cabinet over a breach of the ministerial code and a scathing attack on Truss' leadership. We need unity, stability and efficiency. Rishi is the only candidate that fits the bill and I am proud to support him, she writes in The Daily Telegraph newspaper. I have backed Boris from the start. From running alongside him in London in 2012, to supporting him to be our leader in 2019 and willing him to succ

Sunak has hit 100 MPs mark for UK PM race to replace Liz, supporters say

Rishi Sunak's supporters claimed on Saturday that the Indian-origin former chancellor has hit the threshold of 100 members of Parliament required to make it to the shortlist for the race to replace Liz Truss as Conservative Party leader and British Prime Minister. The 42-year-old frontrunner's tally continues to grow as former prime minister Boris Johnson flies back from his Caribbean holiday to reportedly also join the contest. Neither Sunak nor Johnson have officially declared their intention to contest the leadership election, with Leader of the Commons Penny Mordaunt the only candidate to formally announce her candidacy so far. However, the former finance minister has taken a comfortable lead with some heavyweight Tory ministers and MPs from different factions of the Tory party throwing their weight behind him and the betting odds also continuing to rise in favour. "Rishi had the right plan in the summer and I think it is the right plan now," former deputy prime minister Domini

Rishi Sunak crosses minimum nomination threshold to contest in UK PM race

Rishi Sunak is quick off the mark to bid for the leadership of the Conservative Party and the British Prime Ministership having secured more than a hundred nominations

Rishi Sunak leads MP support, over halfway to threshold: Report

British minister Penny Mordaunt on Friday launched her bid to replace Liz Truss as prime minister, becoming the first Conservative lawmaker to announce they are running.

Rishi Sunak holds firm as bookies' favourite to replace Liz Truss as UK PM

A clear frontrunner to take over from Liz Truss as Conservative Party leader and British Prime Minister remains uncertain on Friday due to deep divisions among the Tories, but the bookies' odds have rocketed in favour of British Indian former chancellor Rishi Sunak. As the runner up of the leadership election which concluded last month, the former finance minister who had forecast much of the economic crisis unleashed by Truss' mini-budget is seen as a safe pair of hands to take charge at 10 Downing Street. The 42-year-old is holding a solid 55 per cent lead with the Oddschecker betting odds aggregator, followed by a 29 per cent chance of former prime minister Boris Johnson making a comeback. Third placed in what is emerging as a three-way contest is Leader of the Commons Penny Mordaunt, who had polled third in the first round of parliamentary votes to shortlist candidates for the last leadership race. I back Rishi Sunak to be our next PM. He has the plan and credibility to: restore

Boris Johnson, Rishi Sunak lead race to become UK's next prime minister

Boris Johnson and former finance minister Rishi Sunak were leading the potential contenders to replace British Prime Minister Liz Truss

Liz Truss quits as UK PM after 45 days; a look at the front-runners

Truss, who came to power on September 6, is the shortest-serving UK prime minister, who succeeded Boris Johnson. She delivered a statement outside 10 Downing Street

Bookie odds favour Rishi Sunak comeback amid turbulence for UK PM Liz Truss

British Prime Minister Liz Truss, just over a month into the job, is already seen as increasingly unlikely to ride out the turbulence within her own Conservative Party and the financial markets, with her former leadership rival Rishi Sunak the odds-on favourite to make a comeback for 10 Downing Street. At the end of a tumultuous week in British politics which saw Truss sack her close friend and trusted aide Kwasi Kwarteng who was enforcing her own economic policies as Chancellor, the mutinous voices within the governing Conservatives continue to flag how Sunak had warned against much of the financial meltdown that would follow his rival's unfunded tax-cutting policies. The former British Indian Chancellor adopted a silent approach as he hosted two pre-scheduled parties at a central London hotel this week to thank his Ready for Rishi leadership campaign team and officials at the UK Treasury. His approach is one part I told you so' but rather more a sense of sadness. He just says: It

Rebels plot to replace PM Liz Truss with Rishi Sunak amid UK crisis

Rebels on the backbenches of the UK's governing Conservative Party are on Friday said to be plotting to replace Liz Truss as party leader and prime minister with a so-called unity joint ticket team involving former leadership rival Rishi Sunak. It comes as a YouGov poll for the The Times' found that almost half of Tory party supporters believe the party chose the wrong candidate in the leadership election. The YouGov poll found that among those who voted for the Conservatives at the last election, 62 per cent said that party members had made the wrong choice when the race was shortlisted between Truss and Sunak, compared with 15 per cent who said they had got it right. It has led panicked Tory members of Parliament to start considering alternatives in the candidates who secured the most votes within the parliamentary party the British Indian former Chancellor, who was the frontrunner with his colleagues, and Leader of the Commons Penny Mordaunt, who came in third. The government, .

UK PM Liz Truss hands trade minister's job to Rishi Sunak's ally

British Prime Minister Liz Truss on Monday handed a junior trade minister's job to an ally of her leadership rival Rishi Sunak, in a move seen as an attempt to rally the governing Conservative Party behind her and curb rebellious moves on the backbenches. Greg Hands, a vocal supporter of the former Indian-origin Chancellor, replaced Conor Burns as Minister of State in charge of Trade Policy in the Department for International Trade (DIT) after the latter was sacked recently following allegations of serious misconduct. Hands was one of Sunak's high-profile backers in the Conservative Party leadership contest and his inclusion was welcomed by other Sunak loyalists as a sign that Truss wants to build bridges with that faction of the party. No one is more experienced and knowledgeable than Greg Hands on trade. A welcome addition back to the Liz Truss government, tweeted former Transport Secretary Grant Shapps, also a staunch Sunak supporter. Sunak, the first British Indian candidate to

Rishi Sunak supporters speak out as UK economy spirals under Liz Truss

The supporters of Rishi Sunak in the Conservative Party leadership race, which concluded earlier this month with opponent Liz Truss as British Prime Minister, are increasingly speaking out to point out that the Indian-origin former Chancellor had warned against much of economic turmoil unleashed by the new incumbent at 10 Downing Street. While Sunak himself has remained conspicuously silent, his backers within the governing party and also more neutral sections of the media have been highlighting how so-called Trussonomics of tax cuts and higher borrowing has spooked the markets worldwide and sent the Pound Sterling tumbling against the dollar. Come back Rishi Sunak, all is forgiven, reads an editorial in The Daily Telegraph' on Tuesday. During the Tory leadership contest, the former Chancellor warned that Liz Truss' plans to borrow to fund tax cuts were dangerous' and risked making everything worse'. And, lo, his prophecy, dismissed as doomsterism at the time, has already come to ..

UK's new PM Liz Truss appoints diverse Cabinet, excludes Rishi Sunak allies

Prime Minister Liz Truss has unveiled one of the UK's most diverse Cabinets, with key frontline posts going to ethnic minority members of Parliament, including Indian-origin Suella Braverman as the Home Secretary. The process of appointing the Cabinet will continue into Wednesday, when Truss addresses her first Prime Minister's Questions (PMQs) in the House of Commons. By her side on the frontbenches will be Braverman, 42, whose Tamil mother had her family roots in Mauritius and Goan-origin father migrated to the UK from Kenya. Also, by her side will be Ghanian-origin Kwasi Kwarteng, 47, as the UK's first black Chancellor and mixed Sierra Leone and white heritage James Cleverly as the Foreign Secretary, Truss' own former portfolio. The senior Conservative MPs who had come out in support of former chancellor Rishi Sunak in the Tory leadership election are conspicuous by their absence in Truss's top team, which she has packed with close allies, such as Therese Coffey as Deputy Prime

Sunak, Patel doubtful to be included in Truss cabinet, says report

Johnson journey was followed by Truss separately undertaking the same trip to be formally asked by Britain's head of state to form the next administration

PM-elect Liz Truss plans shake-up of UK Cabinet, Sunak unlikely to join

Britain's Prime Minister-elect Liz Truss will spend Monday putting finishing touches to her new Cabinet after being elected Conservative Party leader and is expected to unleash a complete shake up of outgoing leader Boris Johnson's top team. 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. "It's a real privilege to have the job that I've had, to have been chancellor at a time of enormous difficulty for our country and I am proud of my record as chancellor, helping safeguard our economy through the biggest [pandemic] shock it experienced in something like 300 years, he told the BBC in an interview after the election result. "I'm now going to be focussed on supporting my constituents first and foremost in North Yorkshire and continuing to be their member of Parliament as long as they'll have me and giving Liz Truss my full support a

Liz Truss vows tax cuts after winning vote to become next British PM

Truss beats ex-finance minister Sunak to be new PM; Boris Johnson to formally step down on Tuesday; new leader faces cost of living, energy price crisis

Britain's Liz Truss expected to be named Conservative leader, new PM

After weeks of an often bad-tempered and divisive party leadership contest that pitted Truss against Rishi Sunak, Monday's announcement will trigger the beginning of a handover from Boris Johnson

Final countdown begins for contenders Rishi Sunak, Liz Truss in UK PM race

The final countdown in the over six-week-long gruelling campaign for the governing Conservative Party to elect a new leader who will succeed ousted Boris Johnson as British Prime Minister is now underway, with the winner between Rishi Sunak and Liz Truss to be declared on Monday. The winner of the contest will be announced on Monday at 12:30 BST (17:00 IST) by Sir Graham Brady -- chair of the 1922 Committee of backbench Tory MPs and returning officer of the leadership election. If elected, 42-year-old Sunak will go on to make history as the first Prime Minister of the UK of Indian heritage -- whose Indian grandmother migrated to Britain over 60 years ago from East Africa. The son of a doctor father and pharmacist mother, who is married to Infosys co-founder Narayana Murthy's daughter Akshata Murty, had shared his personal journey as he launched his leadership bid back in early July. Sixty years after my Naniji boarded a plane in East Africa, on a warm sunny evening in October, her

Liz Truss talks tax cut for wealthy, Rishi Sunak signals defeat

Truss says Bank of England should control inflation, vows energy plan within a week of election

Rishi Sunak signs off campaign for UK PM, thanks team and supporters

Rishi Sunak, who has made history as the first Indian-origin member of Parliament to compete for the post of British Prime Minister, on Saturday signed off his Ready for Rishi campaign with a thank you note for his team and supporters. While most surveys of Conservative Party members with a vote in the leadership election to replace Boris Johnson, and even most UK media reports, have concluded that Foreign Secretary Liz Truss will be the winning candidate when the result is declared on Monday, Sunak struck a note of optimism on Twitter. Voting is now closed. Thank you to all my colleagues, the campaign team and, of course, all the members who came out to meet me and lend your support. See you Monday! #Ready4Rishi," he said. The 42-year-old British Indian former finance minister pegged his campaign around a focus on getting a grip on soaring inflation, a 10-point plan to tackle illegal immigration, fighting crime to make UK streets safer and restoring integrity and trust at the hear