Rishi Sunak is to run in the race to be named next leader of the Conservative Party, and the next Prime Minister, according to close allies. Mr Sunak was defeated by Liz Truss in the race to become the new PM last month, gathering 60,399 votes to her 81,326.
One close ally told the Independent: “I hope there is only one candidate but if there is more than one then there will be a contest and I believe Rishi will win it.”
He was Chancellor of the Exchequer until July 5 when he quit in protest at Boris Johnson’s leadership.