The former British Chancellor of the Exchequer announces a bid to replace Prime Minister Boris Johnson, who said he will resign.
Britain’s former Chancellor of the Exchequer Rishi Sunak has announced his candidacy to replace Boris Johnson, three days after helping launch the cascade of resignation that toppled the prime minister.
Johnson announced on Thursday that he would resign as prime minister after a mass uprising in his Conservative Party sparked the latest in a series of scandals that had fatally undermined public confidence.
Johnson’s impending departure has added political uncertainty to an already difficult mix of soaring inflation, slowing growth and industrial unrest, against a backdrop of war in Ukraine and the United Kingdom’s ongoing struggle to adjust to life after the crisis. Brexit.
“Someone has to seize this moment and make the right decisions. That’s why I stand to be the next Conservative Party leader and your prime minister,” Sunak said in a video posted on Twitter.
I am about to become the next leader of the Conservative Party and your Prime Minister.
Let’s restore confidence, rebuild the economy and reunite the country. #Ready4Rishi
Sign up 👉 https://t.co/KKucZTV7N1 pic.twitter.com/LldqjLRSgF
— Ready for Rishi (@RishiSunak) July 8, 2022
“Do we view this moment with genuine seriousness and determination or do we tell ourselves comforting fairy tales that may make us feel better right now, but will make our children worse off tomorrow,” he said.
Sunak and Health Minister Sajid Javid left the cabinet within minutes of each other on Tuesday, sparking a series of events that led to Johnson’s decision to resign.
The rules and timetable for the game to replace Johnson will be set by a party committee next week.
Sunak’s budget last year set the UK on track for its biggest tax burden since the 1950s, undermining its claim to promote lower taxes, critics say.
During the COVID-19 pandemic, Sunak oversaw about £400 billion ($481 billion) in economic aid, avoiding a major surge in unemployment but pushing government borrowing to a record high in peacetime in the face of a historic collapse of GDP.
Sunak’s popularity with conservative lawmakers was later tarnished after he raised income taxes in April to fund higher health and social care spending, and announced plans to sharply raise corporate taxes by 2023.
Conservative MP Tom Tugendhat and Attorney General Suella Braverman have also officially announced their candidacy.
Former Health and Foreign Secretary Jeremy Hunt, who lost to Johnson in 2019, was “almost certain” to start again, a source close to Hunt told British media.
Meanwhile, Johnson continued to resist demands to step down immediately and hand over power to his deputy, Dominic Raab.
Johnson’s spokesman said there was no talk of a takeover by Raab as a janitor.
“The Prime Minister is acting in accordance with the convention. He will remain prime minister until there is a new party leader and the work of the government will continue as long as that happens,” he told reporters.
Labor deputy leader Angela Rayner said the main opposition party is aiming to trigger a vote of no confidence in parliament if Conservatives don’t get rid of Johnson immediately.
“He is a proven liar swallowed up in sleaze and we can’t have this for another few months,” she said in an interview with BBC radio.
“If they don’t, we’ll call a vote of no confidence because it’s pretty clear he hasn’t been given the confidence of the House. [of Commons] or the British public.”