According to Sky News Arabia, British MP Rishi Sonak declared his candidacy for the position of British Conservative Party leader.
Six weeks after taking office, Liz Tarras, the British Prime Minister, made the decision to step down.
According to the BBC, Tarras informed her in a speech that elections for the leadership will take place in a week.
Following party leader Jake Perry, the 1922 committee chairman Sir Graham Brady entered the Downing Street offices to speak with the Prime Minister in a time of crisis.
The British Prime Minister stated that she had notified the monarch of his decision to step down as the Conservative Party’s leader and that she would “continue to discharge her duties until the appointment of a new leader of the Conservative Party.”
” Terrace, the lowest period in the position of prime minister, remained a stay in government in the history of Britain, as it lasted for only 45 days, and will remain for some time before appointing a successor to her.
The Terrace administration’s economic strategy, which demonstrated its inability to control inflation and excessive prices and also presented issues about the growth of the public debt, received harsh criticism.
On September 23, the then-Treasury Secretary Kawasi Kawarting, who was forced to resign last Friday in the wake of a widespread outcry, revealed the so-called “miniature budget.” Later, the administration scrapped the proposal.
After announcing the plan, the return on British government bonds has increased for five years to its highest level since 2008, at 4. 6%, which means decreasing demand for debt bonds, and the pound has decreased to its lowest level ever at $ 1. 054..
Rishi Sonak declares his candidacy for the British Conservative Party’s top position.
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