Rishi Sunak to become next PM
26 October 2022
It has been confirmed by the 1922 committee that Rishi Sunak has received the backing of enough MPs to be put forward as the next prime minister.
Sir Graham Brady, chairman of the committee, confirmed that Sunak was the only candidate put forward after Penny Mordaunt pulled out just minutes before the deadline.
Liz Truss and Sunak will need to visit His Majesty King Charles III to confirm the change in leadership, this is expected to happen tomorrow.
As previous chancellor, Sunak has already been involved in the fiscal policy of the UK. Having pioneered policy, such as the health and social care levy, we will keep an eye on upcoming changes to see if there will be further deviation from the Growth Plan of Kwasi Kwarteng.
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.