Sunak now favourite to be new UK PM after BoJo bows out


The big news overnight in the UK is that Boris Johnson has bowed out of the race to become the next UK prime minister. He said that he had cleared “the very high hurdle of 102 nominations” but concluded that running in the race would “simply not be the right thing to do” and that one “can’t govern effectively unless you have a united party in parliament”.

This puts Rishi Sunak as favourite to be the next Tory leader and prime minister, after ending yesterday with more than 165 supporters ahead of the 2pm deadline later today. His campaign is expected to gain more momentum now with Johnson’s withdrawal and the pressure now is on Penny Mordaunt, who had only 30 public backers as of last night – 70 nominations short of the noted deadline.



Source link

Related articles

PVH Corp.: Reiterate Purchase Score As I Stay Assured On Progress And Margin Outlook

This text was written byObserveI concentrate on long-term investments whereas incorporating short-term shorts to uncover alpha alternatives. My funding strategy revolves round bottom-up evaluation, delving into the basic strengths and weaknesses of particular...

Asia FX weakens as hawkish Fed boosts greenback; yen rises on BOJ price hike bets By Investing.com

Investing.com-- Most Asian currencies drifted decrease on Thursday, coming beneath strain from a stronger greenback as hawkish feedback from the Federal Reserve furthered bets on a slower tempo of price cuts in 2025. The...

Rising Treasury yields cap world shares; merchants weigh tariffs, Fed charge cuts By Reuters

(Refiles to repair typo in headline) By Chibuike Oguh, Alun John NEW YORK/LONDON (Reuters) -A selloff in world bonds continued on Wednesday, pressuring Wall Avenue shares and boosting the greenback as indicators...

JPY stays supported after Japan base salaries noticed their largest improve in 32 years

Japanese staff' base salaries noticed their largest improve in 32 years, probably paving the way in which for the central financial institution to boost rates of interest this month, offered different information verify...

At the moment’s NYT Strands Hints, Reply and Assist for Jan. 9, #312

Searching for the most up-to-date Strands reply? Click on right here for our each day Strands hints, in addition to our each day solutions and hints for The New York Occasions Mini Crossword, Wordle...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com