Live UpdateFrom the Liveblog of Monday, October 24, 2022

Rishi Sunak to become Britain’s next prime minister as last rival withdraws

By AP 24 October 2022, 4:11 pm Edit

Conservative Party leadership candidate Rishi Sunak leaves his campaign office, in London, October 23, 2022. (AP Photo/Alberto Pezzali)

Conservative Party leadership candidate Rishi Sunak leaves his campaign office, in London, October 23, 2022. (AP Photo/Alberto Pezzali)

Rishi Sunak has won the race to be the leader of the Conservative Party and will become Britain’s next prime minister — the third this year.

The former Treasury chief will be Britain’s first leader of color, and faces the task of stabilizing the party and country at a time of economic and political turbulence.

His only rival, Penny Mordaunt, has conceded and withdrawn.

As leader of the governing party, he will take over as prime minister from Liz Truss, who quit last week after 45 tumultuous days in office.