Race for New UK PM: Rishi Sunak declares candidacy to be new UK PM, says he wants to fix 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.
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.
The United Kingdom is a great country but we face a profound economic crisis.
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. pic.twitter.com/BppG9CytAK
— Rishi Sunak (@RishiSunak) October 23, 2022
In an accompanying vision statement, the former finance minister highlighted his track record of serving in the Cabinet, helping to steer the economy through the toughest of times with the COVID pandemic.
"The challenges we face now are even greater. But the opportunities - if we make the right choice - are phenomenal. I have the track record of delivery, a clear plan to fix the biggest problems we face and I will deliver on the promise of the 2019 manifesto," he tweeted.
"There will be integrity, professionalism and accountability at every level of the government I lead and I will work day in and day out to get the job done. I am asking you for the opportunity to help fix our problems," he added.
Prime Minister Truss on Thursday announced her resignation after an open revolt against her leadership in the Conservative Party.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
05:39 PM IST