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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 the favourite for the job.

Chancellor announces more mini-budget U-turns – follow politics latest

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 scrapped practically all of 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.

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.”

Odds:4/1 (Odds Checker average)

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Jeremy Hunt – who is the UK’s new chancellor?
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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: 20/11 – favourite (Odds Checker average)

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.

Ms Mordaunt was sent to the Commons on behalf of the PM 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.”

Odds: 13/2 (Odds Checker average)

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 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 if Ms Truss departs.

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.

Odds: 5/1 (Odds Checker average)

Boris Johnson

Outgoing British Prime Minister Boris Johnson delivers a speech on his last day in office, outside Downing Street, in London Britain September 6, 2022. REUTERS/Phil Noble

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.

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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.

Former culture secretary and ally of the former PM, Nadine Dorries, is one of those openly calling for Mr Johnson’s return.

“There is no unity candidate. No one has enough support,” she posted on social media.

“Only one MP has a mandate from party members and from the British public – a mandate with an 80 seat majority. Boris Johnson.”

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

Odds: 16/1 (Odds Checker average)

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‘Sixteen killed’ in strike on Gaza hospital as Israel says it hit ‘Hamas command centre below’

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'Sixteen killed' in strike on Gaza hospital as Israel says it hit 'Hamas command centre below'

At least 16 people have been killed and 70 others were injured at a hospital in Gaza following an Israeli strike, according to the health ministry.

Nine missiles hit the European Hospital and its courtyard in the south of the Palestinian territory, officials said.

Israel said it had hit a “Hamas command centre” beneath the hospital in Khan Younis.

Hamas denies exploiting hospitals and civilian properties for military purposes.

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Palestinians inspect the damage after the European Hospital was partially damaged following Israeli airstrikes. Pic: Reuters
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The scene after the European Hospital was partially damaged following Israeli airstrikes. Pic: Reuters

Earlier, a well-known Palestinian photojournalist died following a separate attack on the Nasser Hospital, also in Khan Younis, said the ministry.

Hassan Aslih had been accused by Israel of working with Hamas and was recovering from an earlier airstrike.

More on Gaza

Aslih, who has hundreds of thousands of followers on social media, was said by the Israelis to have recorded and uploaded footage of “looting, arson and murder” during Hamas’s 7 October 2023 attack into Israel that triggered the war in Gaza.

Aslih was one of two patients who died in Tuesday’s strike on Nasser Hospital, said the health ministry. Several others were wounded.

SENSITIVE MATERIAL. THIS IMAGE MAY OFFEND OR DISTURB Mourners carry the body of Palestinian journalist Hassan Aslih who was killed in an Israeli strike while he was recovering at Nasser Hospital from an earlier strike, during his funeral in Khan Younis, in the southern Gaza Strip May 13, 2025. Aslih was accused by Israel of working with Hamas. REUTERS/Hatem Khaled TPX IMAGES OF THE DAY
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Mourners carry the body of Palestinian journalist Hassan Aslih. Pic: Reuters

Dozens of people were being treated on the third floor of the hospital building, where the missiles struck, Reuters said, quoting Ahmed Siyyam, a member of Gaza’s emergency services.

The Israeli military said it “eliminated significant Hamas terrorists” in Nasser Hospital, among them Aslih, who it said had “operated under the guise of a journalist”.

Footage showed heavy damage to one of the hospital buildings, including to medical equipment and beds inside.

At least 160 journalists and media workers have been killed in Gaza since the start of the war, according to the International Federation of Journalists.

Gazan officials accuse Israel of deliberately targeting journalists. Israel denies this and says it tries to avoid harm to civilians.

Aslih, who headed the Alam24 news outlet and had previously worked with Western news outlets, was recovering after being wounded last month in a deadly strike on a tent in the Nasser Hospital compound.

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Meanwhile, President Trump has spoken on the phone to Edan Alexander after he was released by Hamas on Monday, as part of ongoing efforts to achieve a permanent ceasefire with Israel.

The 21-year-old was believed to be the last living American hostage in Gaza.

Some 1,200 people were killed and 251 taken hostage in the 7 October attack on southern Israel, according to Israeli figures.

Israel’s response has killed more than 52,000 Palestinians, according to local health officials, and destroyed much of the coastal territory. Gaza’s health ministry records do not distinguish between civilians and combatants.

An aid blockade since March has left the population at critical risk of famine, according to the World Health Organisation, which warned on Tuesday that hunger and malnutrition could have a lasting impact on “an entire generation”.

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Trump to lift sanctions on Syria – as he announces $600bn deal with Saudi Arabia

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Trump to lift sanctions on Syria - as he announces 0bn deal with Saudi Arabia

Donald Trump has said the US will lift long-standing sanctions on Syria and signed a $600bn (£450bn) deal with Saudi Arabia as he visited the nation as part of a tour of the Middle East.

The US president revealed the US plans to lift sanctions on Syria following talks with Saudi Arabia‘s Crown Prince Mohammed bin Salman and Turkish leader Recep Tayyip Erdogan.

Mr Trump was speaking at the US-Saudi investment conference during a four-day trip to the region.

Analysis: US-Saudi relationship feels tighter than ever as Trump signs flurry of deals

The comments follow Air Force One being escorted by Royal Saudi Air Force F-15s as it approached the kingdom’s capital, with Mr Trump welcomed by the crown prince, Saudi’s de facto ruler, as he stepped off the plane.

President Trump said the relationship between the were nations were “stronger and more powerful than ever before”, adding it would “remain that way”.

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How Trump’s Saudi visit unfolded

‘Largest defence cooperation agreement’

Mr Trump and Prince Mohammed signed several agreements aimed at increasing cooperation between their governments, including a commitment to $600bn in new Saudi investment in the US – though Mr Trump said a trillion dollars (£750bn) would be even better.

The US also agreed to sell Saudi Arabia an arms package worth nearly $142bn (£107bn), which the White House called “the largest defence cooperation agreement” Washington has ever done.

Royal Saudi Air Force F-15s provide an honorary escort for Air Force One. Pic: AP
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Royal Saudi Air Force F-15s provide an honorary escort for Air Force One. Pic: AP

In his speech, President Trump also urged Iran to take a “new and a much better path” and make a new nuclear deal with the US.

Speaking at the conference, Mr Trump said he wants to avoid a conflict with Iran but warned of “maximum pressure” if his olive branch was rejected.

Pic: AP
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Pic: AP

“As I have shown repeatedly, I am willing to end past conflicts and forge new partnerships for a better and more stable world, even if our differences may be profound,” he said.

“If Iran’s leadership rejects this olive branch… we will have no choice but to inflict massive maximum pressure, drive Iranian oil exports to zero.”

He added: “Iran will never have a nuclear weapon. But with that said, Iran can have a much brighter future, but we’ll never allow America and its allies to be threatened with terrorism or nuclear attack. The choice is theirs to make.”

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President Donald Trump gestures next to Saudi Crown Prince Mohammed bin Salman in Riyadh. Pic: Reuters
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Pic: Reuters

Normalising relations with Syria

Mr Trump said he would ease US sanctions on Syria and move to normalise relations with its new government ahead of a meeting with its new leader Ahmad al Sharaa on Wednesday.

The Syrian president was formerly an insurgent who led the overthrow of former leader Bashar al Assad last year.

Mr Trump said he wants to give the country “a chance at peace” and added: “There is a new government that will hopefully succeed. I say good luck, Syria. Show us something special.”

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The US leader also said he hoped Saudi Arabia would soon join the Abraham Accords and recognise Israel “in your own time”.

Saudi Arabia has argued its recognition of Israel would be tied to the establishment of a Palestinian state along the lines of Israel’s 1967 borders.

Mr Trump will travel to Qatar and the United Arab Emirates over the next three days.

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US-Saudi relationship feels tighter than ever as Trump signs flurry of deals

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US-Saudi relationship feels tighter than ever as Trump signs flurry of deals

In today’s Saudi Arabia, convention centres resemble palaces. 

The King Abdul Aziz International Conference Centre was built in 1999 but inside it feels like Versailles.

Some might call it kitsch, but it’s a startling reflection of how far this country has come – the growth of a nation from desert bedouins to a vastly wealthy regional powerbroker in just one generation.

Trump latest: President signs huge arms deal with Saudi Arabia

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Trump signs deal with Saudi Arabia

At a bar overnight, over mocktails and a shisha, I listened to one young Saudi man tell me how his family had watched this transformation.

His father, now in his 60s, had lived the change – a child born in a desert tent, an upbringing in a dusty town, his 30s as a mujahideen fighting the Soviets in Afghanistan, his 40s in a deeply conservative Riyadh and now his 60s watching, wide-eyed, the change supercharged in recent years.

The last few years’ acceleration of change is best reflected in the social transformation. Women, unveiled, can now drive. Here, make no mistake, that’s a profound leap forward.

Through a ‘western’ lens, there’s a way to go – homosexuality is illegal here. That, and the murder of Saudi journalist Jamal Khashoggi, are no longer openly discussed here.

Bluntly, political and economic expedience have moved world leaders and business leaders beyond all that.

Read more:
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Trump visit is ‘about opulence’

The guest list of delegates at the convention centre for the Saudi-US Investment Forum reads like a who’s who of America’s best business brains.

Signing a flurry of different deals worth about $600bn (£451bn) of inward investment from Saudi to the US – which actually only represent intentions or ‘memorandums of understanding’ at this stage – the White House said: “The deals… represent a new golden era of partnership between the United States and Saudi Arabia.

“From day one, President Trump‘s America First Trade and Investment Policy has put the American economy, the American worker, and our national security first.”

Pic: AP
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Pic: AP

That’s the answer when curious voters in faraway America wonder what this is all about.

With opulence and extravagance, this is about a two-way investment and opportunity.

There are defence deals – the largest defence sales agreement in history, at nearly $142bn (£106bn) – tech deals, and energy deals.

Underlying it all is the expectation of diplomatic cooperation, investment to further the geopolitical strategies for both countries on key global challenges.

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Trump says US will end sanctions on Syria

In the convention centre’s gold-clad corridors, outside the plenary hall, there are reminders of the history of this relationship.

There is a ‘gallery of memories’ – the American presidents with the Saudi kings – stretching back to the historic 1945 meeting between Franklin D Roosevelt and King Saud on board the USS Quincy. That laid the foundation for the relationship we now see.

Curiously, the only president missing is Barack Obama. Sources suggested to me that this was a ‘mistake’. A convenient one, maybe.

It’s no secret that the US-Saudi relationship was at its most strained during his presidency. Obama’s absence would give Trump a chuckle.

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From Monday: Why does Saudi Arabia love Trump?

Today, the relationship feels tighter than ever. There is a mutual respect between the president and Saudi Crown Prince Mohammed bin Salman – Trump chose Saudi Arabia as his first foreign trip in his last presidency, and he’s done so again.

But there are differences this time. Both men are more powerful, more self-assured, and of course the region has changed.

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There are huge challenges like Gaza, but the two men see big opportunities too. A deal with Iran, a new Syria, and Gulf countries that are global players.

It’s money, money, money here in Riyadh. Will that translate to a better, more prosperous and peaceful world? That’s the question.

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