Boris Johnson to become UK Prime Minister after landslide party win

Wins contest against Jeremy Hunt

Anna Fedorova
clock • 1 min read

Boris Johnson has been announced as the next UK Prime Minister to succeed Theresa May, after a close battle between candidates that left him facing Jeremy Hunt in the final vote.

The results of ballot of around 160,000 Conservative party members, of which 87.4% voted, were revealed at midday today (Tuesday 23 July), and Johnson officially takes the lead role tomorrow after securing more than 92,000 votes.  Johnson, formerly the mayor of London, emerged as a clear favourite in the contest, though many were not supportive of the nomination. Some have even vowed to resign if he wins the race, including Chancellor Philip Hammond. Brexit: What on earth's going on? Meanwhile, May will chair her last cabinet meeting on Tuesday morning and will officially hand in h...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Bank of England chief economist Huw Pill: Interest rate cuts remain 'some way off'

Bank of England chief economist Huw Pill: Interest rate cuts remain 'some way off'

'Relatively cautious approach' to rate cuts

Valeria Martinez
clock 23 April 2024 • 2 min read
UK consumer confidence hits two-year high as disposable income rises

UK consumer confidence hits two-year high as disposable income rises

Deloitte Consumer Tracker

Cristian Angeloni
clock 19 April 2024 • 2 min read
UK retail sales flatline as consumers cut back on food

UK retail sales flatline as consumers cut back on food

Following 0.1% increase in February

Cristian Angeloni
clock 19 April 2024 • 1 min read
Trustpilot