 "Boris Johnson")
Several British lawmakers, including scandal-tarnished former Prime Minister Boris Johnson, jockeyed for support Friday to become the country's next leader following the implosion of Liz Truss' historically short-lived government.
The governing Conservative Party has ordered a lightning-fast race that aims to have a new prime minister in place within a week.
The leadership uncertainty comes at a time of lethargic economic growth and as millions struggle with the rising cost of groceries, fuel and other basics and higher mortgage rates. A growing wave of strikes by train and postal workers, lawyers and more has revealed mounting discontent as a recession looms.
Johnson has not even declared he is running, but bookmakers have made him one of the favorites to win the contest reflecting the scale of division and disarray in the party as it picks its third prime minister of the year. It would be an astonishing comeback for a polarising figure forced out just over three months ago amid a welter of ethics scandals.
Truss quit on Thursday after a turbulent 45 days, conceding that she could not deliver on her tax-cutting economic package, which she had to abandon after it caused turmoil in financial markets.
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House of Commons leader Penny Mordaunt was the first candidate to declare she is running to replace Truss, saying in a tweet that she represented a fresh start. The straight-talking 49-year-old Royal Navy reservist, who briefly served as U.K. defense secretary in 2019, is bookies' third favorite. Relatively little known to the public, outside Conservative circles she remains best known for appearing on the 2014 reality TV diving show Splash!
Leading the pack in lawmakers' support, though yet to declare, is former Treasury chief Rishi Sunak, who was runner-up to Truss for the leadership in the summer. Sunak, 42, lost despite repeatedly warning Conservatives that Truss' tax-cutting plans would be disastrous as proved to be the case. The former hedge-fund manager's supporters consider him a steady hand for an ailing economy.
Popular Defense Secretary Ben Wallace, who was touted as a possible contender, ruled himself out of the race on Friday.
The wild card is Johnson, who was forced from office in July and still faces an inquiry into whether he lied to Parliament while in office that could lead to his suspension as a lawmaker.
He has not said whether he will run, but his allies in Parliament are working to gather support for an I'm Backing Boris campaign. Johnson is expected to return shortly from a Caribbean vacation.
Johnson, 58, is still adored by some Conservatives as a vote winner with a rare common touch who led the party to a big election victory in 2019. He is more popular with the party's grassroots than with lawmakers and he is reviled by some for the chaos and scandal that marred his term in office.
Having a winner in place is what the party needs to survive, Johnson ally Nadine Dorries told Sky News.
Johnson was able to shrug off lapses that would have sunk many politicians. He survived even after he was fined by police for attending one of a series of illegal parties in government buildings while the U.K. was under lockdowns during the coronavirus pandemic.
He finally resigned after one scandal too many. That incident involved his appointment of a politician who had been accused of sexual misconduct, sparking an exodus of dozens of members of his government.
He left reluctantly, calling the decision to oust him eccentric and ending his final appearance in Parliament with the words: Hasta la vista, baby.
Former Conservative leader Michael Howard implored the party not to return to the psychodrama of the Johnson era.
He's had his chance, and it didn't work," Howard said. Some Conservative legislators have even threatened to leave the party if Johnson returns as leader.
Rob Ford, professor of political science at the University of Manchester, said Conservatives who thought Johnson could solve their problems don't live in a reality-based community.
He warned that the electorate at large has not forgotten Johnson's many scandals and he no longer has the appeal he once did.
We know the public don't like him, he can't govern, he definitely can't unify his party. It will be a disaster. It will fail, Ford said.
Nominations for a new leader will close on Monday afternoon, and candidates need the signatures of at least 100 of the 357 Conservative lawmakers, meaning a maximum field of three. If three meet that threshold, lawmakers will vote to knock out one and then hold an indicative vote on the final two. The party's 172,000 members will then get to decide between the two finalists in an online vote. The new leader is due to be selected by Oct. 28.
Truss quit after her brief, disastrous experiment in libertarian economics. Her proposal for aggressive tax cuts that would be paid for through government borrowing pummeled the value of the pound. Investors showed little tolerance for her plan at a time when the British economy is still grappling with its exit from the European Union, the coronavirus pandemic and the war in Ukraine.
Her package of unfunded tax cuts drove up the cost of government borrowing and home mortgages, and forced emergency Bank of England intervention. Truss executed a series of U-turns and replaced her Treasury chief but faced rebellion from lawmakers in her party that obliterated her authority.
Truss admitted Thursday that I cannot deliver the mandate on which I was elected by the Conservative Party.
The Conservative Party turmoil is fuelling demands for a national election. Under Britain's parliamentary system, there does not need to be one until the end of 2024, though the government has the power to call one sooner.
Currently that looks unlikely. Opinion polls say an election would spell disaster for the Conservatives, with the left-of-center Labour Party winning a large majority.
Still, opposition politicians say the recent tumult and the decision by Truss to rip up many of the policies on which Johnson was elected means the government lacks democratic legitimacy.
Labour leader Keir Starmer accused the Conservatives of presiding over a revolving door of chaos.
This is doing huge damage to our economy and the reputation of our country, he said. We must have a chance at a fresh start. We need a general election now.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
