Next, the UK Prime Minister’s succession plan, what it means for Rishi Sunak – Flying Journals

Leeds Trath gone, all eyes on Rishi Sunak ahead of next week's election: 10 points

Lizz Truss defeated Rishi Sunak in this summer’s Conservative election. (document)

New Delhi:
British Prime Minister Liz Truss said today she would resign as prime minister and announced her successor would be elected next weekend. Truss’ small budget sent shockwaves through the market and was the reason for her downfall.

Here are 10 points about the big story:

  1. Liz Truss’ woes began when her dramatic tax cut sparked market chaos, forcing her into a series of humiliating U-turns.

  2. The moves, aimed at reviving the UK economy, split her Conservative Party just 45 days after her appointment.

  3. The departure of Liz Truss The ruling Conservative Party is badly damaged, trailing Labour by more than 30 percentage points in opinion polls after 12 1/2 years in power.

  4. Her successor will become the party’s fifth prime minister in less than seven years since the 2016 Brexit referendum sparked an unprecedented period of political chaos in the UK.

  5. The outgoing prime minister has announced that elections to choose his successor will be completed within the next week.

  6. One of the frontrunners to take over as prime minister of the United Kingdom is Rishi SunakLiz Truss beat him in this summer’s election.

  7. Former Chancellor Sunak is currently at 13/8 odds, according to Sky Bet.

  8. If he wins, Rishi Sunak will become the first person of Indian descent to hold the British Prime Minister’s post.

  9. Other summer contenders could also be in the mix, including Penny Mordaunt, Kemi Badenoch and Tom Tugendhat.

  10. Former Home Secretary Suella Braverman, who was fired on October 19, is also likely to run.

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