Liz Truss’ resignation as British Prime Minister on Thursday triggered another leadership race — the second in just four months — for the U.K.’s fractured and demoralized Conservative Party.
A bookmaker takes bets for the next British Prime Minister after Liz Truss resigned in London, Oct. 20, 2022.
He quit as Treasury chief in July, in protest against then-Prime Minister Boris Johnson’s leadership. In the contest to replace Johnson, Sunak positioned himself as the candidate who tells hard truths about Britain’s public finances. He argued that climbing inflation must be controlled first, and called promises by Truss and other rivals to immediately slash taxes reckless “fairy tales.”
Sunak was regarded by many as the Conservatives’ brightest rising star. Born to Indian parents who moved to Britain from East Africa, Sunak attended the exclusive Winchester College private school and studied at Oxford. Some see his elite education and work for the investment bank Goldman Sachs and a hedge fund as a liability because it makes him seem out of touch with ordinary voters.
A former international trade minister, Mordaunt is popular among Conservative lawmakers. Some believe she could be the right candidate to help heal the party’s divisions. But she is largely an unknown figure to most Britons, and outside Conservative circles she remains best known for appearing on the 2014 reality TV show “Splash!”
She made headlines — and was mocked by opponents — when she complained recently in Parliament that travel disruptions caused by trade union strikes were to be blamed on left-wing, “tofu-eating wokerati.”Wallace, a 52-year-old army veteran, is popular within the Conservative Party. He has won admirers for his straight talk, particularly among Conservative lawmakers who pressed for the U.K. to increase its defense spending.
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