Former UK finance minister Rishi Sunak bids to replace Boris Johnson
July 9, 2022, 8:39 am

Former UK finance minister Rishi Sunak bids to replace Boris Johnson

Messages released previously show David Cameron had repeatedly contacted Rishi Sunak (above) and other Treasury ministers to seek full access to government Covid loan schemes for Greensill Capital.

The Arabnews reported, citing Reuters, former British finance minister Rishi Sunak said on Friday (July 8) that he was running to replace Boris Johnson after Johnson announced the previous day that he would stand down as prime minister.

Sunak said in a campaign video released on Twitter: “Someone has to grip this moment and make the right decisions. That’s why I’m standing to be the next leader of the Conservative Party and your prime minister.”

Sunak quit as finance minister on Tuesday, one of two unexpected resignations that set in motion a chain of events that led to Johnson’s decision to step down.

The rules and timetable for the contest to replace Johnson are due to be set out next week by a party committee.

Sunak said in his resignation letter it had become clear that his approach to the economy had been too different to Johnson’s, as the two had tried to agree on the next steps for the country.

I’m standing to be the next leader of the Conservative Party and your Prime Minister.

Let’s restore trust, rebuild the economy and reunite the country. #Ready4Rishi

Sign up 👉 https://t.co/KKucZTV7N1 pic.twitter.com/LldqjLRSgF
— Ready For Rishi (@RishiSunak) July 8, 2022

He said: “The decisions we make today will decide whether the next generation of British people will also have the chance of a better future.”

“Do we confront this moment with honesty, seriousness and determination? Or do we tell ourselves comforting fairy tales that might make us feel better in the moment, but will leave our children worse off tomorrow?“

Boris Johnson and Rishi Sunak reject calls to resign after being fined by police over lockdown parties

Rishi Sunak (born 12 May 1980) is a British politician who served as Chancellor of the Exchequer from 2020 to 2022, having previously served as Chief Secretary to the Treasury from 2019 to 2020.

As a member of the Conservative Party, Sunak has been Member of Parliament (MP) for Richmond (Yorks) since 2015.

Boris Johnson holds Cabinet meeting after resigning as UK premier

In April 2022, he became the first Chancellor in British history to have been sanctioned for breaking the law while in office after being issued a fixed penalty notice for breaching COVID-19 regulations during lockdowns.

He resigned as Chancellor on 5 July 2022, citing the differences between himself and Boris Johnson in his resignation letter.

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