Who is in the running to replace Liz Truss as prime minister?
Just last month Liz Truss told Britons they could “ride out the storm” in her first speech as prime minister – now she has resigned.
Here, Sky News looks at the runners and riders to replace the PM.
Live politics updates as Liz Truss resigns
Rishi Sunak
The former chancellor, who was runner-up to Ms Truss in the Tory leadership race, is favourite with the bookmakers to replace her.
He warned his rival that her tax-cutting plans would send the economy into free fall, 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.
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.
Sky News understands Ms Mordaunt is taking soundings from colleagues on whether to stand.
The former defence secretary also caused a stir at the 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.
Ms Mordaunt was sent to the Commons on behalf of Ms Truss to answer an urgent question on the sacking of former chancellor Kwasi Kwarteng on Monday.
Denying that Ms Truss was hiding “under a desk”, Ms Mordaunt acknowledged the swirling rumours around the possibility of a joint ticket, telling MPs: “I fully understand the optics of me appearing at the despatch box.”
Ben Wallace
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 despite being considered a frontrunner after “careful consideration and discussing with colleagues and family”.
The defence secretary told The Times on Tuesday that he wants to remain in his post amid speculation he could be a unity candidate to become PM.
Mr Wallace rebuked his Conservative colleagues for playing “political parlour games”, telling the newspaper: “The public wants stability and security and if the government fails to deliver that then they will send us into opposition.”
Asked if he wanted the keys to Number 10, he said: “I want to be the secretary of state for defence until I finish. I love the job I do and we have more to do. I want the prime minister to be the prime minister and I want to do this job.”
Mr Wallace’s only cabinet post has been defence secretary, which he has held since July 2019.
But he has signalled he would likely quit if the government ditches a key pledge to boost defence spending.
On Monday, new Chancellor Jeremy Hunt refused to commit to spending 3% of GDP on defence, telling Sky News’ political editor Beth Rigby he was “not giving any answers on any specific elements” of tax and spending policy.
Boris Johnson
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.
Former culture secretary and ally of the former PM, Nadine Dorries, is one of those openly calling for Mr Johnson’s return.
“Only one MP has a mandate from party members and from the British public – a mandate with an 80 seat majority. Boris Johnson,” she said.
James Duddridge, a former parliamentary private secretary to Boris Johnson, added that it is time for his boss to “come back”.
Both The Daily Telegraph and The Times are reporting that Mr Johnson is expected to stand for the leadership.
Sky News understands that former home secretary Priti Patel will back Mr Johnson if he chooses to run.
The Liberal Democrats are calling for Mr Johnson to be blocked from standing as leader of the Conservative Party and prime minister.
Suella Braverman
Ms Braverman was the first to declare she was running to be the next Conservative Party leader in the summer, praised as a figurehead of the right of the party for her hard-line views on Brexit and for denouncing “woke nonsense”.
She threw her hat in the ring for the Tory leadership even before Boris Johnson had officially resigned.
“I love this country. My parents came here with absolutely nothing and it was Britain that gave them hope, security and opportunity and afforded me incredible opportunities in education and my career,” she told ITV at the time.
“I owe a debt of gratitude to this country and to serve as prime minister would be the greatest honour so yes I will try.”
After her shock resignation for sharing secure information through a private email on Wednesday, Ms Braverman lashed out at Ms Truss’s “tumultuous” premiership and accused the government of “breaking key pledges” – including on immigration policy.
Ms Braverman, a former attorney general, only became home secretary on 6 September when Ms Truss brought her in to replace Priti Patel.
Her tenure as home secretary has been controversial, having accused Tory critics who successfully forced Ms Truss into U-turning over plans to scrap the top rate of income tax of a “coup”.
Jeremy Hunt
The new chancellor was brought in to replace the sacked Kwasi Kwarteng.
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.
Conservative MP Crispin Blunt has said Mr Hunt should be the party’s next leader.
“Jeremy Hunt has in a few short days impressively exercised his known personal qualities and has made the first critical contribution to restoring the primacy of serving the national interest. He should complete this work as our next prime minister,” he said.
But Mr Hunt has seemingly ruled himself out of a third run at the top job, telling Sky News’ political editor Beth Rigby: “I rule it out, Mrs Hunt rules it out, three Hunt children rule it out.”
And Sky News’ deputy political editor Sam Coates understands Mr Hunt will not be running to replace Ms Truss.
Kemi Badenoch
A source close to rising star Kemi Badenoch has suggested to Sky News that she is set to stand in the leadership contest.
“Now that the prime minister has announced her resignation, the party must unite around a new leader who restores trust in politics and delivers good government for the British people,” the source said.
“Kemi is in conversations with colleagues about how best to achieve this.”
Ms Badenoch stood in the Conservative leadership race over the summer, coming fourth behind Mr Sunak, Ms Mordaunt and Ms Truss.
Little known beyond Tory circles at the start of the race, the former equalities minister was a favourite among members to the right of the party.
Her summer campaign focused on cultural issues which she said had divided the party in recent years.
Brandon Lewis
Sky News understands that the current justice secretary is taking soundings on whether to stand in the leadership election.
It is understood he could stand on a possible platform of being a pragmatist and a unifier.
Mr Lewis did not stand in the last leadership election, instead backing outgoing PM Liz Truss.
He has also served as Northern Ireland secretary.
The last blast furnaces left operating in Britain could see their fate sealed within days, after their Chinese owners took the decision to cut off the crucial supply of ingredients keeping them running.
Jingye, the owner of British Steel in Scunthorpe, has, according to union representatives, cancelled future orders for the iron ore, coal and other raw materials needed to keep the furnaces running.
The upshot is that they may have to close next month – even sooner than the earliest date suggested for its closure.
Read more: Thousands of jobs at risk as British Steel consults unions over closure
The fate of the blast furnaces – the last two domestic sources of virgin steel, made from iron ore rather than recycled – is likely to be determined in a matter of days, with the Department for Business and Trade now actively pondering nationalisation.
The upshot is that even as Britain contends with a trade war across the Atlantic, it is now working against the clock to secure the future of steelmaking at Scunthorpe.
The talks between the government and Jingye broke down last week after the Chinese company, which bought British Steel out of receivership in 2020, rejected a £500m offer of public money to replace the existing furnaces with electric arc furnaces.
The sum is the same one it offered to Tata Steel, which has shut down the other remaining UK blast furnaces in Port Talbot and is planning to build electric furnaces – which have far lower carbon emissions.
These steel workers could soon be out of work
However, the owners argue that the amount is too little to justify extra investment at Scunthorpe, and said last week they were now consulting on the date of shutting both the blast furnaces and the attached steelworks.
Since British Steel is the main provider of steel rails to Network Rail – as well as other construction steels available from only a few sites in the world – the closure would leave the UK more reliant on imports for critical infrastructure sites.
However, since the site belongs to its Chinese owners, a decision to nationalise the site would involve radical steps government officials are wary of taking.
They also fear leaving taxpayers exposed to a potentially loss-making business for the long run.
The dilemma has been heightened by the sharp turn in geopolitical sentiment following Donald Trump’s return to the White House.
The incipient trade war and threatened cut in American support to Europe have sparked fresh calls for countries to act urgently to secure their own supplies of critical materials, especially those used for defence and infrastructure.
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Gareth Stace, head of UK Steel, the industry lobby group, said: “Talks seem to have broken down between government and British Steel.
“My advice to government is: please, Jonathan Reynolds, Business Secretary, get back round that negotiating table, thrash out a deal, and if a deal can’t be found in the next few days, then I fear for the very future of the sector, but also here for Scunthorpe steelworks.”
British Steel declined to comment.
UK
Prince Andrew’s Pitch@Palace branded ‘crude attempt to enrich himself’ as Chinese spy documents set to be released
Prince Andrew’s efforts to make money from his Pitch@Palace project have been branded as a “crude attempt to enrich himself” at the expense of “unsuspecting tech founders”, as new documents may shed more light on what he and his team have been attempting to sell.
Today is the deadline for documents to be released relating to Prince Andrew‘s former senior adviser Dominic Hampshire and his interactions with the alleged Chinese spy Yang Tengbo.
In February, an immigration tribunal heard how the intelligence services had contacted Mr Hampshire about Mr Yang back in 2022. Mr Yang helped set up Pitch@Palace China, a branch of the duke’s scheme to help young entrepreneurs.
The alleged Chinese spy, Yang Tengbo, has links with Prince Andrew
Yang Tengbo. Pic: Pitch@Palace
Judges banned Mr Yang from the UK, saying his association with a senior royal had made Prince Andrew “vulnerable” and posed a threat to national security. Mr Yang challenged that decision at the Special Immigration Appeals Commission (SIAC).
Since that hearing, media organisations have applied for certain documents relating to the case and Mr Hampshire’s support for Mr Yang to be made public. SIAC agreed to release some information of public interest. It is hoped they may include more details on deals that he was trying to do on behalf of Prince Andrew.
So what do we know about potential deals for Pitch@Palace so far?
In February, Sky News confirmed that palace officials had a meeting last summer with tech funding company StartupBootcamp to discuss a potential tie-up between them and Prince Andrew relating to his Pitch@Palace project.
The palace wasn’t involved in the fine details of a deal but wanted guarantees to make sure it wouldn’t impact the Royal Family in the future. Sky News understands from one source that the price being discussed for Pitch was around £750,000 – there are, however, reports that a deal may have stalled.
Photos we found on the Chinese Chamber of Commerce website show an event held in Asia between StartupBootcamp and Innovate Global, believed to be an offshoot of Pitch.
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Who is alleged Chinese spy, Yang Tengbo?
Documents, released in relation to the investigations into Mr Tengbo, have also shown how much the duke has always seen Pitch as a way of potentially making money. One document from 21 August 2021 clearly states “the duke needed money at the time, and saw the relationships with China through Pitch as one possible source of funding”.
But Prince Andrew’s apparent intention to use Pitch to make money has led to concerns about whether he is unfairly using the contacts and information he gained when he was a working royal.
Norman Baker, former MP and author of books on royal finances, believes it is “a crude attempt to enrich himself” and goes against what the tech entrepreneurs thought they were signing up for.
Read more:
Who is Yang Tenbo?
Virginia Giuffre says she has days to live
Emails between Andrew and Epstein revealed
He told Sky News: “The data given by these business people was given on the basis it was an official operation and not something for Prince Andrew, and so in my view, Prince Andrew had no right legally or morally to take the data which has been collected, a huge amount of data, and sell it…
“And quite clearly if you’re going to sell it off to StartupBootcamp, that is not what people had in mind. The entrepreneurs who joined Pitch@Palace did not do so to enrich Prince Andrew,” he said.
Rich Wilson was one tech entrepreneur who was approached at the start of Pitch@Palace to sign up, but he stepped away when he spotted a clause in the contract saying they’d be entitled to 2% equity in any funding he secured.
He feels Prince Andrew is continuing to use those he made a show of supporting.
He said: “It makes me feel sick. I think it’s terrible – that he is continuing to exploit unsuspecting tech founders in this way. A lot of them, I’m quite grey and old in the tooth now, I saw it coming, but clearly most didn’t. And a lot of them were quite young.
“It’ll be their first venture and you’re learning on the trot, so to speak. So to take advantage of people in such a major way – that’s an awful, sickening thing to do.”
We approached StartupBootcamp who said they had no comment to make, and the Duke of York’s office did not respond.
With reports that a deal may have stalled, it could be a big setback for the duke – especially with questions still about how he’ll continue to pay for his home on the Windsor estate now that the King no longer gives him financial support.
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