Penny Mordaunt

Rishi Sunak to become Britain’s next prime minister

Former Treasury chief Rishi Sunak won the race to be leader of the Conservative Party on Monday and will become Britain's next prime minister _ the third this year.

The former Treasury chief will be Britain's first leader of color, and faces the task of stabilizing the party and country at a time of economic and political turbulence.

Boris Johnson, ousted by scandal, eyes comeback as UK leader

Former British Prime Minister Boris Johnson - ousted by ethics scandals just three months ago - jockeyed to make a comeback on Oct. 21 as one of several contenders seeking to replace Liz Truss, whose rapid downfall threw the country's leadership into disarray at a time of severe economic challenges.

UK leader in peril after Treasury chief axes ‘Trussonomics’

The U.K.'s new Treasury chief ripped up the government's economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago. The move raises more questions about how long the beleaguered British leader can stay in office, though Truss insisted she has no plans to quit.