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Rishi Sunak to become Britain’s new prime minister as rivals quit race

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Rishi Sunak will be appointed Britain‘s next prime minister after his last remaining rival Penny Mordaunt dropped out of the Tory leadership contest on Monday, according to Politico.

Sunak, the former chancellor, won the public support of almost 200 of his Conservative MP colleagues to succeed Liz Truss, who resigned last Thursday after a chaotic six weeks in office.

It caps a remarkable political comeback for Sunak, who only last month was defeated in a head-to-head leadership contest with Truss and was subsequently excluded from her top team.

“I am humbled and honored,” he said. “It is the greatest privilege of my life to serve.”

Mordaunt, who trailed Sunak in terms of support from her parliamentary colleagues, announced her withdrawal from the contest just as MPs’ nominations closed at 2 p.m. on Monday. Her decision avoids the need for a vote among the wider Conservative Party membership, who would have been balloted this week for a final decision.

“This decision is an historic one and shows, once again, the diversity and talent of our party,” Mordaunt said, hailing the man who will now become the U.K.’s first British-Asian prime minister. “Rishi has my full support.”

Sunak, 42, is expected take office on Tuesday once a meeting with King Charles III has been agreed. Truss remains prime minister until the formal handover of power.

Confirming the announcement, Graham Brady, chairman of the 1922 committee of Tory backbenchers which oversees leadership elections, said he had received just a single nomination for the leadership.

“Rishi Sunak is therefore elected as leader of the Conservative Party,” he told Tory MPs, who banged desks and cheered in the oak-paneled House of Commons committee room where they had gathered to hear the result.

Sunak, who has barely spoken in public since his defeat to Truss was confirmed on September 5, made a brief address to the nation on Monday afternoon, in which he paid tribute to the outgoing prime minister for serving under “exceptionally difficult circumstances” but warned the U.K. now faces “a profound economic challenge.”

“I pledge that I will serve you with integrity and humility,” he said, “and I will work day in, day out to deliver for the British people.”

Although Sunak faces intense pressure from the opposition Labour Party to call a general election following weeks of political turmoil, under the U.K.’s parliamentary system he will be under no obligation to do so until January 2025, as he now commands the confidence of the largest party in the House of Commons.

Sunak’s coronation also follows a decision by Boris Johnson to pull out of the contest. The former prime minister, who was ousted in July, had been mulling a second tilt at the job after a weekend spent canvassing Tory MPs.

But Johnson said on Sunday evening that it was “not the right time” for him to attempt a comeback and suggested he would not be able to govern effectively without “a unity party in parliament”.