Rishi Sunak Closer to Becoming UK Prime Minister

Rishi Sunak look set to become Britain’s next prime minister after his rival Boris Johnson quit the race, admitting that he could no longer unite their party following one of the most turbulent periods in British political history.

Sunak, the 42-year-old former finance minister, could be named leader to replace Liz Truss, becoming Britain’s third prime minister in less than two months.

The multi-millionaire former hedge fund boss will face one of the most daunting set of challenges, tasked with rebuilding Britain’s fiscal reputation through deep spending cuts as it slides into a recession, dragged down by surging energy, food, and mortgage rates.