Sunak is now the bookmakers’ favorite after throwing the hat in for Johnson’s job

Former British Chancellor Rishi Sunak has thrown his hat in the ring to become Tory leader on promises to restore confidence after Boris Johnson’s turbulent tenure.

r Sunak resigned on Tuesday, helping to trigger an avalanche of ministerial resignations. Announcing his offer on Twitter, he said, “Let’s restore confidence, rebuild the economy and reunite the country.”

His move came as allies of former Secretary of State Jeremy Hunt, who finished as Mr Johnson’s runner-up in 2019, said he was “virtually certain” to stand again this time.

Meanwhile, Mr Johnson continued to resist calls to step down as prime minister, handing over to his deputy Dominic Raab until a permanent successor is in place.

Mr Sunak released a glossy launch video in which he laid out his family history and said: “Our country faces great challenges, the gravest in a generation.

“And the choices we make today will determine whether the next generation of Britons will have a chance for a brighter future too.”

He has the support of Commons leader Mark Spencer, who said Mr Sunak has the “vision and ability to see us through dark economic times”.

The Conservative MP said: “Rishi has the skills, he has the ability, he has the experience and I think he has the vision that we need to bring the country together and move in the right direction.”

Former Tory party co-leader Oliver Dowden, ex-minister Liam Fox and MP Paul Maynard also backed Mr Sunak’s leadership bid.

They all shared a link to Mr. Sunak’s campaign website,

It seems that in December 2021 a website with a slightly different name,, was launched, which redirects to the official campaign page.

Mr. Sunak’s team said domains were being bought all the time, adding that they transferred some of them.

Asked how far Mr Sunak’s campaign had progressed, Mr Spencer said he was only approached by the former Chancellor “very late last night”.

He added, “There are many people who have expressed their support for him and I’m sure they will in the near future.”

Mr Sunak enters what is likely to be a crowded field where more than a dozen MPs have either announced their intentions or thought they would consider running.

Even before he made his formal announcement, he had come under fire from Johnson loyalists, with Brexit Opportunities Secretary Jacob Rees-Mogg denouncing him as a “high tax chancellor” who had failed to curb inflation.

Mr. Sunak had resisted pressure from No. 10 to cut taxes, arguing it would simply fuel rising prices. In his video, he said the UK government could not afford to lull voters with “comforting fairy tales” about the troubles ahead.

“Are we facing this moment with honesty, seriousness and determination, or are we telling ourselves comforting fairy tales that might make us feel better right now but will make our children feel worse tomorrow?” he said.

“Somebody has to grab this moment and make the right decisions. That is why I am running as the next leader of the Conservative Party and as your Prime Minister.”

Bookmakers put Mr Sunak as a favorite following his announcement, with Defense Secretary Ben Wallace in second place.

The lack of a clear leader has lured a number of less popular contenders to step forward – most recently backbencher John Baron said he would be “sounding out” over the weekend.

Tom Tugendhat, the chairman of the Commons’ foreign affairs committee, and Attorney General Suella Braverman have already announced that they will propose their names.

More are expected in the coming days, including Sunak’s successor as Chancellor, Nadhim Zahawi, and Foreign Minister Liz Truss.

Following Monday’s elections to the Executive Committee of the Tories’ 1922 Committee, the new body will draw up a timetable for electing leadership.

After his acrid resignation speech on Thursday, many MPs are anxious to see Mr Johnson out of No 10 as soon as possible – fearing a summer of “chaos” if he stays.

However, Downing Street insisted he would not step aside to allow Mr Raab to take over as acting Prime Minister. “The Prime Minister is acting in accordance with convention,” Mr Johnson’s official spokesman said.

“He will remain prime minister until a new party leader is in place, and government work will continue during that time.”

The Labor Party has confirmed it will table a Commons vote of no confidence in the Government if Mr Johnson refuses to leave voluntarily.

However, to succeed, Tory MPs would need to vote with them – or at least abstain in large numbers – which seems unlikely as it could result in a general election they were likely to lose.

Nevertheless, the management competition may be shorter than in previous years.

The first phase, with a series of secret ballots by MPs cutting the list of candidates down to the last two, is expected to be completed by July 21 when the Commons break for the summer. It will then go to a final postal vote of party members in the country. It is expected to be completed by the time Parliament returns in early September.

Downing Street on Friday announced a series of new ministerial appointments to Mr Johnson’s Caretaker Cabinet.

That included a role as deputy leader of the House of Commons for Peter Bone, who backed his leader amid a rebellious atmosphere in the House of Commons earlier this week. Sunak is now the bookmakers’ favorite after throwing the hat in for Johnson’s job

Fry Electronics Team

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