By TechnocratMedia
Rishi Sunak has been elected as the new leader of the Conservative Party and will at any moment be named the third prime minister of the United Kingdom (UK) in two months.
Mr Sunak was announced as the party’s new leader on Monday in a tweet by the conservative party.
The former Exchequer Chancellor got the conservative party’s leadership after his challenger, Penny Mordaunt, failed to get enough backing from fellow members of the parliament to enter the ballot.
Former prime minister Boris Johnson also announced his withdrawal from the race, saying the “timing is not right”.
Mr Sunak takes the position just days after Liz Truss resigned from the position after 45 days in office.
According to Truss, her resignation followed heavy criticism of her economic policies.
The 42-year-old Rishi is of Indian origin but his family migrated to Britain in the 1960s.
Mr Sunak was appointed the chief secretary of the treasury by Johnson in 2019.
He is expected with his financial analytical background, to enforce stability within the Conservative Party and pull Britain out of its current political and economic problems.
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