TheCable

Rishi Sunak has been elected as the new leader of the Conservative Party and will now be named the UK prime minister.

He was announced as the new leader of the UK in a tweet on the Conservatives’ Twitter handle on Monday.

The former Chancellor of the Exchequer got the leadership of the conservative party after Penny Mordaunt failed to get enough backing from fellow members of the parliament to enter the ballot.

Boris Johnson, former prime minister, also withdrew from the race, saying the “timing is not right”.

Sunak takes the position just days after Liz Truss bowed out after 45 days in office. Truss resigned following heavy criticism of her economic policies.

The development makes Sunak UK’s third prime minister in two months.

The 42-year-old has an Indian origin following his family migration to Britain in the 1960s.

Sunak entered into the UK’s public consciousness after he was appointed the chief secretary of the treasury by Johnson in 2019.

The former financial analyst is expected to enforce stability within the Conservative Party and Britain at large to arrest its plunge into political and economic problems.

He would be expected to launch deep spending cuts and tackle rising energy and food bills.