UK prime minister

Almost 200 Tory MPs publicly backed the ex-chancellor, who was elected party leader without a vote.

"This decision is an historic one and shows, once again, the diversity and talent of our party," Ms Mordaunt wrote in a tweet. Mr Sunak will be the fourth consecutive prime minister - after Theresa May, Boris Johnson and Ms Truss - to take power without a general election. Sources told the BBC that Mr Sunak and Mr Johnson met on Saturday as Tory MPs decided who to back in the second Tory leadership contest in four months. Ms Mordaunt took the leadership race to the wire but came under pressure to unite behind Mr Sunak after former Prime Minister Boris Johnson withdrew from the contest on Sunday. Mr Sunak - a 42-year-old practising Hindu - is expected to take office in the coming days now the result of the Tory leadership contest is known. Mr Sunak's coronation, in effect, as Tory leader caps a rapid political comeback by the former chancellor after he lost out to Ms Truss in the last leadership contest during the summer.

The U.K.'s new prime minister and his wife, the daughter of an Indian tech billionaire, have a collective net worth higher than the personal fortune of King ...

[she confirmed in April](https://www.bbc.com/news/uk-politics-61027058) that she had “non-domicile” status in the U.K.—allowing her to avoid dividend and capital gains taxes in Britain. Born in Southampton to parents of Indian descent who emigrated from East Africa, Sunak attended the exclusive Winchester College boarding school and waited tables at an Indian restaurant during summer breaks. Through a spokeswoman, Murthy told the BBC that she paid about $34,000 a year to maintain that status, a fee charged if a person has lived in the U.K. Murthy is also a director at and owns a small stake in boutique gym chain Digme Fitness, which was hard-hit by the Covid-19 pandemic and was Altogether, Forbes estimates Sunak and his wife Murthy are worth roughly $810 million—more than a quarter of a billion dollars richer than the [$500 million personal fortune of King Charles III](https://www.forbes.com/sites/giacomotognini/2022/09/15/how-rich-is-king-charles-iii-inside-the-new-monarchs-outrageous-fortune/). Murthy’s firm was also [reportedly an early investor](https://www.bloomberg.com/news/articles/2022-05-30/rishi-sunak-s-wife-akshata-murty-builds-catamaran-ventures-ties-to-rich-families#xj4y7vzkg) in dara5, a private investment company established by a member of Qatar's ruling family. As an Indian citizen, Murthy is a tax resident of her home country and Murthy drew scrutiny for her tax status earlier this year, when Sunak served as Chancellor of the Exchequer—Britain's finance minister and the No. [contest for leadership of the Conservative Party,](https://www.forbes.com/sites/roberthart/2022/10/24/rishi-sunak-selected-as-britains-next-prime-minister-heres-what-to-know/?sh=35780cd37691) Rishi Sunak is set to become the United Kingdom’s next prime minister. Besides her stake in Infosys, she owns Catamaran Ventures UK, the British branch of her father’s venture capital and private equity firm. [reportedly spending](https://www.standard.co.uk/homesandproperty/celebrity-homes/rishi-sunak-luxury-property-portfolio-b993765.html) $450,000 to install a leisure center with a 40-foot swimming pool, a gym and an outdoor tennis court. Narayana Murthy](https://www.forbes.com/profile/nr-narayana-murthy/), the cofounder and retired chairman of Indian tech giant Infosys, whose net worth is estimated by Forbes at $4.5 billion.

and welcoming the accession of His Majesty King Charles III. In just a short period, this government has acted urgently and decisively on the side of ...

It is because we do not dare that they are difficult.” I look forward to spending more time in my constituency, and continuing to serve South West Norfolk from the backbenches. and I wish Rishi Sunak every success, for the good of our country. And we must continue to strengthen our nation’s defences. We must be able to outcompete autocratic regimes, where power lies in the hands of a few. From my time as Prime Minister, I am more convinced than ever we need to be bold and confront the challenges that we face.

Rishi Sunak, a former finance minister and hedge-fund manager, comes to office with some of the harshest economic headwinds Britain has faced in a ...

He called for “stability and unity” — the opposite of the tumult and divisions that characterized Truss’s tenure. Labour Party lawmaker Angela Rayner decried Sunak’s accession as a coronation and that the Tories could not “keep doling out prime ministers every month.” Labour leader He will also seek to unite his warring and unpopular Conservative Party, which, he warned, must “unite or die.” She closed with: “We continue to battle through a storm but I believe in Britain, I believe in the British people and I know that brighter days lie ahead.” The contest to replace Truss was wrapped up surprisingly fast — it was less than a week ago that she resigned. Tory grandee Iain Duncan Smith, a former leader of the Conservative Party, told LBC radio that Johnson found himself “struggling and begging people for votes. Then she was driven by motorcade to Buckingham Palace, and she resigned in person to the new king, Charles III. The incoming prime minister Sunak followed — and Charles asked him to form a new government. As the Roman philosopher Seneca wrote, ‘it is not that things are difficult that we do not dare, it’s because we do not dare, that it is difficult.’ ” She stumbled somewhat over Seneca’s name. “It means lower taxes so people can keep more of the money they earn. “We need to take advantage of our Brexit freedoms to do things differently. “From my time as prime minister, I am more convinced than ever that we need to be bold and confront the challenges we face.