Business Maverick: Sunak Faces Truss in UK Run-Off to Succeed Boris Johnson

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Liz Truss ousted Penny Mordaunt in the race to be Conservative leader and the UK’s next prime minister, pitching the foreign secretary into a final run-off against former Chancellor of the Exchequer Rishi Sunak.

A Sunak-Truss duel was widely predicted at the start of the contest, with both considered Conservative heavyweights having held two of the most senior positions in Johnson’s administration. They supported him through months of turmoil and a police probe into illegal pandemic parties in Downing Street.

Johnson has not publicly endorsed any candidate but close allies, including Culture Secretary Nadine Dorries and Brexit Minister Jacob Rees-Mogg, back Truss. The latest YouGov poll of Tory members also point to a Truss victory.Still, members’ opinions are volatile and both Sunak and Truss have about six weeks to make their case.

She has also managed to reinvent herself from being president of Oxford University’s Liberal Democrat society to being a true blue Tory, attempting to channel Margaret Thatcher — apparently even far as the wayBrexit, though, could remain a sub-plot. The UK faces an economic slowdown that business leaders are concerned may turn into a recession, with inflation stuck at the highest level in four decades and set to rise past 11% in October.

 

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