Boris Johnson out, Sunak and Mordaunt in the race to be next UK prime minister

Violent rumors of a return were quelled when former British Prime Minister Boris Johnson announced he would not seek the leadership of the Conservative Party.

Many believe Johnson, who was fired in July over ethics allegations, will run to succeed Liz Truss, who resigned last week.

He said he had amassed more than 100 votes, the number needed to run, after spending the weekend trying to win over his members.

Johnson, who left office last month after a series of scandals rocked his position as prime minister, said in a statement that it “simply would not be the right thing” to bid as it would split his party.

“You cannot govern effectively unless you have a unified party in Parliament,” Johnson wrote in a statement on Sunday.

Sterling extended gains after Johnson said he would not stand, rising 0.8% to $1.1388.

Johnson insists he has support to move forward to a members’ vote but says doing so could deepen divisions within the congressional party.

“I led our party to victory in a major election less than three years ago,” Johnson said. came to the conclusion that this was simply the wrong thing to do. “

The decision leaves Sunak facing House Speaker Penny Mordaunt in the fray, with the brilliant former prime minister having the public support of key members of the Tory Parliament. Mordaunt is still racing, a person familiar with the matter said after Johnson’s departure.

Former UK finance chief Rishi Sunak is at the forefront of the Conservative Party’s race to replace Liz Truss as prime minister. Sunak has garnered the public support of more than 100 Tory lawmakers to get ahead of his two main opponents: the former Prime minister Boris Johnson and former Cabinet Secretary Penny Mordaunt.

But widespread uncertainty remained after British media reported that Sunak held late-night talks with Johnson on Saturday. Speculation that the pair could strike a deal to unify the ruling party was fractured after it was reeled from the rapid fall of Truss following Johnson’s ouster.

The Conservatives hastily ordered a contest to finalize nominations on Monday and appoint a new prime minister – third place this year – within a week.

Sunak, 42, finished second behind Truss in the race for the Tory leadership this summer to replace Johnson after he was forced out by a series of ethics scandals. On Sunday, he confirmed that he would run for re-election in the latest leadership contest.

Sunak has the backing of at least 124 Conservative Party lawmakers, according to unofficial reports compiled by British news organisations. This number far exceeds the 100 nominations required to qualify.

“There will be integrity, professionalism and accountability at every level of government I lead, and I will work day in and day out to get the job done,” Sunak said in a statement.

Earlier, Tory voters support Truss than Sunak, but he was proven right when Truss’s unrefundable package of tax cuts caused market turmoil in September.

Dozens of Britain’s 357 Conservative lawmakers have yet to make public who they support to replace Truss.

(With input from agencies)

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