AGL 39.71 Decreased By ▼ -0.29 (-0.73%)
AIRLINK 128.55 Decreased By ▼ -0.51 (-0.4%)
BOP 6.83 Increased By ▲ 0.08 (1.19%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.22 Increased By ▲ 0.40 (0.98%)
DGKC 82.50 Increased By ▲ 1.54 (1.9%)
FCCL 33.05 Increased By ▲ 0.28 (0.85%)
FFBL 73.85 Decreased By ▼ -0.58 (-0.78%)
FFL 11.90 Increased By ▲ 0.16 (1.36%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.26 Increased By ▲ 0.51 (3.71%)
KEL 5.26 Decreased By ▼ -0.05 (-0.94%)
KOSM 7.66 Decreased By ▼ -0.06 (-0.78%)
MLCF 39.10 Increased By ▲ 0.50 (1.3%)
NBP 64.11 Increased By ▲ 0.60 (0.94%)
OGDC 193.05 Decreased By ▼ -1.64 (-0.84%)
PAEL 25.63 Decreased By ▼ -0.08 (-0.31%)
PIBTL 7.33 Decreased By ▼ -0.06 (-0.81%)
PPL 153.65 Decreased By ▼ -1.80 (-1.16%)
PRL 25.49 Decreased By ▼ -0.30 (-1.16%)
PTC 17.44 Decreased By ▼ -0.06 (-0.34%)
SEARL 78.40 Decreased By ▼ -0.25 (-0.32%)
TELE 7.74 Decreased By ▼ -0.12 (-1.53%)
TOMCL 33.50 Decreased By ▼ -0.23 (-0.68%)
TPLP 8.39 Decreased By ▼ -0.01 (-0.12%)
TREET 16.36 Increased By ▲ 0.09 (0.55%)
TRG 56.75 Decreased By ▼ -1.47 (-2.52%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.38 Decreased By ▼ -0.01 (-0.72%)
BR100 10,539 Increased By 94 (0.9%)
BR30 31,128 Decreased By -61.3 (-0.2%)
KSE100 98,452 Increased By 653.4 (0.67%)
KSE30 30,702 Increased By 221 (0.73%)

LONDON: Britain’s defence secretary, among the favourites in polls to replace Prime Minister Boris Johnson, announced Saturday he will not run in the already acrimonious leadership race set to feature a raft of contenders from the ruling Conservatives.

Ben Wallace, who has impressed in his role amid the war in Ukraine and been among the frontrunners in several recent surveys of Tory members, said he would not stand after discussing a bid with colleagues and family.

“It has not been an easy choice to make, but my focus is on my current job and keeping this great country safe,” he added on Twitter.

The likely months-long campaign, potentially pitting more than a dozen Tory lawmakers and multiple factions of the ruling party against each another, is set to be formalised Monday when a committee of backbenchers will meet to agree the timetable and rules.

Four contenders have so far declared they are standing. The early frontrunner is former finance minister Rishi Sunak, who helped kickstart the cabinet revolt that led to Johnson’s forced resignation on Thursday.

Sunak resigned late Tuesday, triggering dozens of more junior colleagues to follow suit and forcing his ex-boss to then quit as Tory leader 36 hours later.

But Johnson, whose three-year premiership has been defined by scandal, the country’s departure from the European Union and Covid, said he would stay on until his successor is selected.

A summer of rancorous campaigning now looms.

Party members will eventually choose their new leader — from a two-person shortlist whittled down in multiple rounds of voting by all 358 Tory MPs — before the Conservatives’ annual conference in early October.

Taxation is set to be a key feature of the race, alongside candidates’ Brexit credentials, as Britain faces the toxic combination of high inflation and rampant cost-of-living increases alongside stagnant growth and relatively high tax rates.

Alongside Sunak, attorney general and arch-Brexiteer Suella Braverman, the relatively unknown former equalities minister Kemi Badenoch and backbench Tory MP Tom Tugendhat have announced their candidacies.

Comments

Comments are closed.