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Rishi Sunak to be Britain’s new prime minister as rivals quit race

2022-10-25 08:39:52       source:CNBC

October 24, 2022

LONDON — Rishi Sunak will be named the U.K.‘s new prime minister, following a fast-tracked Conservative Party leadership race initiated to fill the void left by Liz Truss’ resignation.

Sunak — who will be the country’s first prime minister of color — won the role of Conservative Party leader after his sole competitor, Penny Mordaunt, dropped out of the race moments before votes from members of Parliament (MPs) were due to be announced Monday afternoon.

It follows the withdrawal of former Prime Minister Boris Johnson from the leadership race Sunday.

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