“The former chancellor will inherit an economy in crisis and enfeebled public services.”
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Could Britain have a new prime minister as early as this afternoon? Rishi Sunak has, at the time of writing, more than 160 MPs supporting his bid to succeed Liz Truss as Tory leader, while his rival, Penny Mordaunt, is yet to break 30. With the threshold for the members’ ballot set at 100, the former chancellor is strongly favoured to win, after Boris Johnson pulled out of the race last night.
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