BREAKING: Former chancellor Rishi Sunak has announced his bid to replace Liz Truss as prime minister.
The former Chancellor has already gained the support of more than 100 Tory MPs, meeting the threshold needed to join the race.
But he has now officially declared his campaign to enter Downing Street, saying: ‘The United Kingdom is a great country but we face a profound economic crisis.‘I want to fix our economy, unite our Party and deliver for our country.’ He looks set for a showdown with his old boss Boris Johnson, who hasn’t officially declared but has the backing of dozens of MPs.The Business Secretary told the BBC’s: ‘I have been speaking to Boris Johnson, and clearly he’s going to stand, there’s a great deal of support for him’.
Many observers believe Johnson would beat Sunak if the contest is decided by the Tory party membership next week.Got a story? Get in touch with our news team by emailing us at