Sunak favourite to become next UK PM after Johnson pulls out

Britain's Conservative MP Rishi Sunak walks next to his campaign headquarters in London, Britain, October 24, 2022 [Hannah McKay/Reuters]

Rishi Sunak is favourite to become Britain’s next prime minister after Boris Johnson pulled out of the Conservative Party leadership race to replace Liz Truss, who resigned last week after an economic upheaval.

With the endorsement of nearly 150 conservative MPs, Sunak – who served as Chancellor under Johnson – has emerged as the frontrunner in the Tory leadership race.