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Just last month Liz Truss told Britons they could “ride out the storm” in her first speech as prime minister – now she has been warned “the game is up” as rumours swirl of plots to oust her.

Tory MPs have started to publicly call for Ms Truss to step down, while former chancellor George Osborne has predicted she will most likely be gone “before Christmas”.

But who could replace Ms Truss if she is forced out as Conservative Party leader?

Here, Sky News looks at the runners and riders – and who is favourite for the job.

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Jeremy Hunt

The new chancellor, brought in to replace the sacked Kwasi Kwarteng, is now widely seen as the most powerful figure in government as he attempts to reshape the PM’s own economic plans to reassure the markets.

He has insisted that Ms Truss is still in charge of her government but has signalled plans to effectively scrap the economic vision that brought her to power.

Seen by many in his party as a safe pair of hands, Mr Hunt has twice unsuccessfully tried to become Tory leader and has previously served as foreign secretary, health secretary and culture secretary.

In the leadership race this year, he backed Rishi Sunak over Ms Truss after getting eliminated from the contest himself in the first round of voting.

He was in the final two contenders to be Tory leader in 2019 – but lost to Boris Johnson by 66% to 34% in the members’ vote.

Odds: 3/1 (SkyBet)

Read more: Jeremy Hunt – who is the UK’s new chancellor?

Rishi Sunak

FILE - British Conservative Party member Rishi Sunak launches his campaign for the Conservative Party leadership, in London, Tuesday, July 12, 2022. Britain...s next prime minister will take office amid turmoil: galloping inflation, a war in Ukraine, souring relations with China, a changing climate. But not all those issues are getting equal attention as Foreign Secretary Liz Truss and former Treasury chief Sunak vie for the votes of about 180,000 Conservative Party members. (AP Photo/Alberto Pezzali, File)

The former chancellor, who was runner-up to Ms Truss in the Tory leadership race, is favourite with the bookmakers to replace her if she is ousted.

He warned his rival that her tax-cutting plans would send the economy into freefall, accusing her of “fairytale economics” as she promised unfunded tax cuts.

Following the fallout from the mini-budget, supporters of Mr Sunak believe he has been vindicated. One MP who supported him in the leadership race told the Telegraph: “Everything he said has come to pass.”

Mr Sunak won every voting round among MPs in the Tory leadership race but there are question marks over whether he could reunite the party, having been seen to have played a key role in Boris Johnson’s exit as PM.

Odds: 13/8 – favourite (SkyBet)

Read more: How could Liz Truss be removed?

Penny Mordaunt

Penny Mordaunt

Senior Conservatives have reportedly held talks about replacing Ms Truss with a joint ticket of Mr Sunak and Penny Mordaunt.

The leader of the Commons finished in third place in this summer’s Tory leadership race before she backed Ms Truss’s bid.

However she has since taken on the prime minister after suggesting that benefits should rise in line with inflation.

The former defence secretary also caused a stir at Tory conference earlier this month when she said the party’s “comms is s***”.

In messages shared in Conservative Party WhatsApp groups, leaked to Sky News, Tory MP Crispin Blunt called for Mr Sunak and Ms Mordaunt to take over.

“Step forward Rishi and Penny, with our support and encouragement in the interests of us all,” he wrote.

Odds: 8/1 (SkyBet)

Read more: Who is Penny Mordaunt? The Navy reservist and ex-magician’s assistant

Boris Johnson

Outgoing Prime Minister Boris Johnson makes a speech outside 10 Downing Street, London, before leaving for Balmoral for an audience with Queen Elizabeth II to formally resign as Prime Minister. Picture date: Tuesday September 6, 2022.

In his farewell address as PM, Mr Johnson fuelled speculation about a future return to frontline politics despite promising his “most fervent support” to his successor Ms Truss.

Mr Johnson compared himself to Roman statesman Cincinnatus, who battled against invasion before returning to his farm. According to tradition, Cincinnatus later returned to serve a second term.

Some Tory MPs are reportedly openly suggesting that the party asks Mr Johnson to return to Downing Street, despite being ousted just three months ago amid fury over the partygate and Chris Pincher scandals.

It is unclear whether the former prime minister would be interested in going back.

Odds: 10/1 (SkyBet)

Ben Wallace

British Secretary of Defence Ben Wallace walks outside Downing Street in London, Britain, July 12, 2022. REUTERS/Toby Melville

The defence secretary and former soldier is widely respected for the role he has played in the UK’s support for Ukraine.

He stayed neutral in the Tory leadership race before eventually backing Ms Truss.

There are doubts over whether he would want to be leader, having ruled himself out of this summer’s race after “careful consideration and discussing with colleagues and family”.

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Mr Wallace’s only cabinet post has been defence secretary, which he has held since July 2019.

He has signalled he would likely quit as defence secretary if the government ditches a key pledge to boost defence spending.

Odds: 5/1 (SkyBet)

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Ghislaine Maxwell begins new attempt to overturn sex trafficking conviction

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Ghislaine Maxwell begins new attempt to overturn sex trafficking conviction

Ghislaine Maxwell has filed a petition asking a US federal judge to overturn her sex trafficking conviction and free her from prison, claiming “substantial new evidence”.

The disgraced British socialite and ex-girlfriend of the convicted paedophile Jeffrey Epstein is serving a 20-year sentence for sex trafficking.

In the petition, Maxwell’s lawyers argue that information which would have resulted in her exoneration at her 2021 trial was withheld, and that false testimony was presented to the jury.

They say the cumulative effect is a “complete miscarriage of justice.”

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Maxwell was jailed in 2022 for sex trafficking after recruiting young girls for Epstein during the 1990s and early 2000s.

Her latest legal bid for freedom came on Wednesday, two days ahead of the deadline for the release of the Epstein files – which include all material related to civil and criminal cases involving Epstein, who took his own life while awaiting trial on sex trafficking charges in 2019.

More on Ghislaine Maxwell

Ghislaine Maxwell said she would petition her conviction since August. File pic: PA/US Department of Justice
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Ghislaine Maxwell said she would petition her conviction since August. File pic: PA/US Department of Justice

Maxwell’s lawyers have claimed that releasing the files – required after US President Donald Trump signed the Epstein Transparency Act – would harm her bid for a retrial.

The argument came in a letter from her legal team to a New York judge, which Sky News saw at the start of December. The lawyers argued the release of “grand jury materials from her case, which contain untested and unproven allegations” would “foreclose the possibility of a fair retrial”.

The letter also reveals the plan for the habeas corpus petition, filed this week.

What is a habeas corpus petition?

According to the US Congress’s website, a habeas corpus petition is a procedure where “a federal court may review the legality of an individual’s incarceration”.

Essentially, it is a challenge to determine whether a court proceeding was fair and lawful.

Roughly translated from Latin, the phrase means “you should have the body” – interpreted as so that a person must be able to appear before a court so that a judge can assess if that person has been lawfully detained.

It’s mentioned in Article One of the US Constitution and cannot be suspended, “unless when in cases of rebellion or invasion the public safety may require it”.

Earlier this year, however, White House deputy chief of staff Stephen Miller said Mr Trump is “actively looking at” suspending the principle in order to make it easier to detain and deport immigrants.

The petition, filed in a Manhattan federal court, argues: “Since the conclusion of [Maxwell’s] trial, substantial new evidence has emerged from related civil actions, government disclosures, investigative reports, and documents demonstrating constitutional violations that undermined the fairness of her proceeding.

“In the light of the full evidentiary record, no reasonable juror would have convicted her.”

It is unclear what new material the lawyers are referring to.

In October, the US Supreme Court rejected Maxwell’s attempts to appeal against her sentence, meaning the petition or a presidential pardon from Mr Trump are her only chances at being freed before her projected release date in 2037.

Earlier in December a New York judge gave the go ahead for the US Department of Justice to publish material from Maxwell’s sex trafficking case, as part of the Epstein files release.

Democrats have released dozens of Epstein images

Several dozen photos related to Epstein have already been released by Democrats in the US, ahead of this week’s deadline for the release of the full files which are expected to include thousands of pages of material.

As it happened: Trump ‘knows nothing about’ images released

Last Friday, images of Mr Trump, Steve Bannon, former President Bill Clinton, Andrew Mountbatten-Windsor, and others were shared by the Democrats on social media.


Epstein images: Deep dive into latest photo release

There was no suggestion that the pictures implied any wrongdoing. The US president, Mr Bannon, Mr Clinton and the former prince have all denied any wrongdoing in relation to Epstein.

Other images included sex toys and condoms with Mr Trump’s likeness.

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China imposes 13% tax on condoms as birth rate declines

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China imposes 13% tax on condoms as birth rate declines

China is to tax contraception for the first time in more than three decades in a move aligned with efforts to get more families to have children.

Contraceptive drugs and products such as condoms will no longer be exempt from China’s 13% value added tax from January 1, the country’s newest tax laws have revealed.

The move comes as the country’s birth rate declines. In 2024, 9.5 million babies were born in China, about one-third fewer than the 14.7 million born in 2019, according to the National Bureau of Statistics.

China has moved on from the decades when it used a one child policy in an attempt to curb a massive population boom. Pic: Reuters.
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China has moved on from the decades when it used a one child policy in an attempt to curb a massive population boom. Pic: Reuters.

As deaths have outpaced births in China, India overtook it as the world’s most populous country in 2023.

But the tax change has been ridiculed on on Chinese social media by people who have joked that they would be fools not to know that raising a child is more expensive than using condoms, even if they are taxed.

“That’s a really ruthless move,” said Hu Lingling, mother of a 5-year-old who said she is determined not to have another child. She said she would “lead the way in abstinence” as a rebel.

“It is also hilarious, especially compared to forced abortions during the family planning era,” she said.

More on Beijing


Three things you might have missed in China.

More seriously, experts are raising concerns over potential increases in unplanned pregnancies and sexually transmitted diseases due to higher costs for contraceptives.

Read more:
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China’s demographic sparks fears for retirement

In previous decades China’s huge population growth prompted the ruling Communist Party to ban couples from having more than one child in a rule that enforced from about 1980 until 2015, through fines and other penalties.

In some cases women underwent forced abortions and children born over the one child limit were deprived of an identification number, effectively making them non-citizens.

The government raised the birth limit to two children in 2015. Then, as China’s population began to peak and then fall, it was lifted to three children in 2021. Contraception has previously been actively encouraged and easily accessed, sometimes for free.

The limit was lifted to three children in 2021 under President Xi Jinping.  Pic: AP
Image:
The limit was lifted to three children in 2021 under President Xi Jinping.  Pic: AP

Director of the University of Virginia’s Demographics Research Group, Qian Cai said: “Higher prices may reduce access to contraceptives among economically disadvantaged populations, potentially leading to increases in unintended pregnancies and sexually transmitted infections. Those outcomes could, in turn, lead to more abortions and higher health-care costs.”

She also said the new taxes would have a “very limited” effect on reproductive decisions.

“For couples who do not want children or do not want additional children, a 13% tax on contraceptives is unlikely to influence their reproductive decisions, especially when weighed against the far higher costs of raising a child,” she said.

But University of Wisconsin-Madison senior scientist Yi Fuxian said imposing the tax was “only logical”.

“They used to control the population, but now they are encouraging people to have more babies; it is a return to normal methods to make these products ordinary commodities,” he said.

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Putin is waiting to take advantage if today’s crucial Ukraine meeting ends in failure

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Putin is waiting to take advantage if today's crucial Ukraine meeting ends in failure

EU leaders will meet in Brussels today to try to agree the release of €210bn (£184bn) to help fund Ukraine’s war with Russia.

The money, which comes from Russian assets frozen after Moscow’s full-scale invasion of Ukraine in 2022, is mostly held in the Belgian-headquartered clearing house, Euroclear.

The money is seen as vital to Ukraine’s ability to keep fighting, because the country faces bankruptcy in early 2026 if it doesn’t receive more international assistance. That means Kyiv would no longer be able to pay soldiers, police and civil servants or buy weapons to defend itself.

Latest updates on Ukraine war

Volodymyr Zelenskyy, Sir Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz. Pic: Reuters
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Volodymyr Zelenskyy, Sir Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz. Pic: Reuters

Last night, Volodymyr Zelenskyy, who is expected to brief the EU leaders today, wrote on X: “The result Europe produces – must make Russia feel that its desire to continue the war next year is pointless, because Ukraine will have support. This rests entirely with Europe.”

The Belgian government has so far prevented the move amid fears it will expose the small country to Russian legal action in the future.

The EU is racing to find solutions to Belgium‘s concerns, including passing an emergency bill that secures the sanctions against Russia indefinitely, superseding the need to renew them every six months and thereby insulating it from veto votes from Russian-leaning EU member states like Hungary and Slovakia.

Belgium also wants guarantees that all EU members will share any financial cost of Russian action against it.


Starmer tells Abramovich to pay £2.5bn

Why the push to use Russian assets?

The US, which has so far given billions of dollars to Kyiv, is losing interest under Donald Trump and can no longer be relied upon for financial support.

Previously, the EU had been giving the interest generated from the frozen assets to Ukraine, but was worried it might destabilise the Eurozone economy if it touched the assets itself.

That has changed, however, as Ukraine’s need has become more acute and fears over Russia’s wider imperialist ambitions have grown in recent months.

This unlocking of seized Russian assets is also being seen as a way to buy Brussels more leverage in peace negotiations, as well as reducing Kyiv’s dependency on Washington.

Read more:
South Africans fighting for Russia
Russia trying to ‘bully’ UK and allies

Friedrich Merz. Pic: Reuters
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Friedrich Merz. Pic: Reuters

German Chancellor Friedrich Merz, who has been leading the campaign to release the funds, warned that “Europe would be severely damaged for years” if they fail to pass the vote and “this step is not about prolonging the war but about bringing the war to an end as soon as possible”.

In short, the consequences of using the frozen assets are now considered less risky than the consequences of not taking this action.

What’s at stake?

Vladimir Putin is hoping Ukraine's allies end up divided. Pic: Sputnik/Reuters
Image:
Vladimir Putin is hoping Ukraine’s allies end up divided. Pic: Sputnik/Reuters

Trump wanted the money to be invested in two US investment funds, something the EU rejects. The US president has recently been scathing of European leaders, and the EU sees Thursday’s meeting as an opportunity to show its strength and unity.

In theory, the EU could pass the policy by majority vote, thereby sidelining the Belgian government, but officials are reluctant to go down this path for fear of alienating Belgium and causing a diplomatic rift in the alliance.

Much is riding on the meeting. If the EU fails to pass the vote, its credibility will take a severe blow. It will likely become even more irrelevant in peace talks, and Vladimir Putin might look to take advantage of a divided Europe.

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