Rishi Sunak has emerged the new Leader of the United Kingdom’s Conservative Party.
According to an announcement made by Sir Graham Brady, only one nomination was received by the 1922 Committee for the new leader of the party, and backed by 100 MPs.
Sir Brady, therefore, declared Sunak to be the next party leader, and consequently the new Prime Minister.
He confirmed that the new Tory leader Rishi Sunak will address MPs at 14:30 BST.
Earlier, one of the contenders for the UK top job, Penny Mordaunt, had announced her withdrawal from the race, leaving Sunak as the sole candidate for the position.
Mordaunt, in a statement, said, “Our Party is our membership. Whether we are elected representatives, activists, fundraisers or supporters. We all have a stake in who our leader is.
“These are unprecedented times. Despite the compressed timetable for the leadership contest it is clear that colleagues feel we need certainty today. They have taken this decision in good faith for the good of the country.
“Members should know that this proposition has been fairly and thoroughly tested by the agreed 1922 process.
“As a result, we have now chosen our next Prime Minister. This decision is an historic one and shows, once again, the diversity and talent of our party. Rishi has my full support.
“I am proud of the campaign we ran and grateful to all those, across all sides of our party, who gave me their backing. We all owe it to the country, to each other and to Rishi to unite and work together for the good of the nation. There is much work to be done.”
Triumph for 42-year-old Sunak came after Johnson’s decision late Sunday to abandon his political comeback bid.
Just weeks after he lost out to Liz Truss to lead the ruling Tories, Sunak, therefore, pulled off a stunning reversal in fortunes.
Addressing members of his party behind closed doors after the announcement, Sunak reportedly received a rapturous reception.
Scottish leader Nicola Sturgeon, whose nationalist government in Edinburgh wants to hold an independence referendum next year, was among the first to congratulate Sunak.
“I wish him well… notwithstanding our political differences,” she said.
“That he becomes the first British Asian — indeed the first from any minority ethnic background — to become PM is a genuinely significant moment,” she said.