The leadership contest is over: Rishi Sunak is the new leader of the Conservative Party and the next prime minister. The former chancellor is also the first person of colour to take office.
A week is a long time in politics, or in this case, a weekend. Since Liz Truss resigned as prime minister last Thursday (and earned the title of shortest-serving PM in British history), Boris Johnson attempted a political comeback before pulling out of the Tory leadership battle on Sunday evening because the timing was “not right”. Meanwhile, Penny Mordaunt pulled out of the running on Monday (24 October), leaving Sunak as the only “valid nomination” for the top role.
The former finance minister, notoriously warned against Liz Truss’ economic “fairly tale” policies and rising inflation as he competed against her (and lost) in the last leadership contest.