Rishi Sunak now bookmakers' favourite to become UK PM
Darpan News Desk IANS, 11 Jul, 2022 02:13 PM
London, July 12 (IANS) Rishi Sunak, of East African Indian origin, was on Monday being touted as the bookmakers' favourite in the British Conservative party's leadership contest. The winner will automatically become the UK's Prime Minister.
Previously, the favourite in a poll of Conservative party members, who will ultimately determine the choice, was Ben Wallace, presently defence secretary. He has, however, declared he will not compete.
Oddscheckers' price on Sunak was 1.6/1. The second favourite was Penny Mordaunt, minister for international trade, who had in the past been defence secretary, at 3.3/1. The third favourite was the foreign secretary Liz Truss at 4/1. Tom Tugendhat, who has no ministerial experience but is chair of the House of Commons' Foreign Affairs Committee, was quoted at 9/1; while Jeremy Hunt, a former foreign secretary, was being offered at 14/1.
Another bookmaker Skybet also had Sunak as favourite at 15/8, Mordaunt as second favourite at 7/2 and Truss as third favourite at 4/1.
The vacancy was created when the incumbent Boris Johnson lost the confidence of his party MPs after a series of scandals, and resigned on Thursday. 11 candidate have since thrown their hats into the ring. Among them, Sunak, who chancellor of the exchequer before he resigned last Tuesday, and Suella Fernandes Braverman, who is of Goan descent and is still serving as caretaker attorney general.
There are two runners of Pakistani extraction - Sajid Javid, who was health secretary in the Johnson cabinet till he led the spate of resignations on Tuesday, and Rehman Chishti, who was appointed a third tier minister in the Foreign Office after nearly 60 ministers decided not to remain in office under Johnson.
On Monday evening in London, Sir Nicholas Brady, the chairman of the Conservative Parliamentary Party's '1922 Committee', which sets the rules of the race, said nominations will close on Tuesday. A candidate will need the backing of at least 20 MPs out of a total of 358 Conservative MPs to go forward. The first ballot will take place on Wednesday afternoon and the outcome revealed the same evening. Similarly, the second round is provisionally scheduled to take place on Thursday. He expected that a maximum of three rounds of balloting will be needed to whittle down the contestants to two.
The full membership of the Conservative party - estimated to be around a quarter of a million - will then choose the winner. The result will be declared on 5 September, when parliament is scheduled to return from its summer recess.
The Guardian indicated: "With just two contenders so far having the support of the 20 Tory (Conservative) MPs needed to get them on to the ballot, the remaining nine hopefuls were scrambling to shore up support by Tuesday night before knockout votes begin on Wednesday." Sunak and Mordaunt were said to have the backing of 40 and 24 MPs respectively. Braverman is reported to have 12. A candidate will have to muster at least 30 votes in the first round to enter the second round.
Johnson will remain as lame duck premier until the election of his successor is made public. He told reporters he "wouldn't want to damage anybody's chances" by offering his backing to any of the candidates.
Balwani faced 10 counts of wire fraud and two counts of conspiracy to commit wire fraud. After a three-month trial, a jury has found him guilty of all 12 counts. He now faces up to 20 years in prison for each count, The Verge reported late on Thursday.
But the public liking for him was dented when this year he introduced taxes to reduce the government's heavy borrowings. This was followed by controversy over his wife avoiding paying taxes in Britain and instead doing so at a lower rate in India from her dividends from shares in Infosys, the Bangalore-based software giant founded by her father N.R. Narayana Murthy.
Addressing the media outside 10, Downing Street, the 58-year-old embattled British leader, who has faced controversies galore in his 1,079 days in power, said: "It is clearly now the will of the parliamentary Conservative Party that there should be a new leader of the party and therefore a new Prime Minister."
According to state broadcaster NHK, the incident took place at around 11. 30 a.m. (local time) near the Yamatosaidaiji Station in Nara city while the 67-year-old former leader was making a speech for a Liberal Democratic Party candidate's election campaign.
Six people were killed and more than two dozen injured when shots rang out in the middle of a Fourth of July parade in Highland Park, Ill. Video clips posted to social media showed the festivities collapsing into panic as revellers realized they were under fire and scrambled for cover.
Five people have been shot dead, as per city officials, in the parade in Highland Park, north of Chicago, which was suddenly halted about 10 minutes after it began as gunshots were heard.
