
Rishi Sunak, whose resignation as the Chancellor of the exchequer triggered a series of resignations against Boris Johnson, is believed to be the contender for next UK Prime Minister.
If it happens, he will be first Indian origin man to be the Prime Minister of UK.
Who is Rishi Sunak
This development comes after British Prime Minister Boris Johnson has agreed to resign, ending an unprecedented political crisis over his future, says British media.
Johnson had rebuffed calls by his Cabinet including recently appointed chancellor Nadhim Zahawi, asked him to resign in the wake of ethics scandals.
He gave in after more than 40 ministers quit his government and told him to go.
However, following a series of resignations from the cabinet against his leadership, he had vowed to "keep going"
This summer will see a Conservative leadership race, and a new prime minister will be in office by the time of the party conference in October.
If it happens, he will be first Indian origin man to be the Prime Minister of UK.
Who is Rishi Sunak
This development comes after British Prime Minister Boris Johnson has agreed to resign, ending an unprecedented political crisis over his future, says British media.
Johnson had rebuffed calls by his Cabinet including recently appointed chancellor Nadhim Zahawi, asked him to resign in the wake of ethics scandals.
He gave in after more than 40 ministers quit his government and told him to go.
However, following a series of resignations from the cabinet against his leadership, he had vowed to "keep going"
This summer will see a Conservative leadership race, and a new prime minister will be in office by the time of the party conference in October.
Read More News on
(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.