Ex-UK Treasury Chief Rishi Sunak Set to Be Britain's Next Prime Minister

U.K. Prime Minister Liz Truss resigned Thursday after just six weeks in the position.

That means Sunak is now the Conservative Party leader and will be asked by King Charles III to form a government. He will become the prime minister in a handover of power from Truss later Monday or on Tuesday. Johnson spent the weekend trying to gain support from fellow Conservative lawmakers after flying back from a Caribbean vacation. Late Sunday he said he had amassed the backing of 102 colleagues. But he was far behind Sunak in support, and said he had concluded that “you can’t govern effectively unless you have a united party in Parliament.”

“But in the course of the last days I have sadly come to the conclusion that this would simply not be the right thing to do,” he said.

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