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WEKU
WEKU
Willem Marx

Rishi Sunak will become the next U.K. prime minister

Rishi Sunak meets supporters at a Conservative Party leadership election in Birmingham, England, in August. He lost that election to Liz Truss. (Rui Vieira/AP)

LONDON — Rishi Sunak is now all but guaranteed to become Britain's next prime minister after both the leading contenders considered his rivals in the race to replace Liz Truss pulled out before a single vote was cast among members of the Conservative party.

Considered a centrist and pragmatic politician, he emerged in the latest leadership contest as a safe pair of hands to guide the U.K., after Liz Truss' policy proposals around tax cuts and spending shook the government's credibility and spooked markets.

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