Rishi Sunak has announced he is standing to be the next prime minister after Boris Johnson’s resignation yesterday.
Announcing his bid, Mr Sunak said the country faces “huge challenges”.
“Let’s restore trust, rebuild the economy and reunite the country,” he posted on social media.
The former chancellor resigned from his ministerial post on Tuesday evening, just moments after Sajid Javid quit as health secretary.
They kicked off an avalanche of resignations as Mr Johnson faced questions about his handling of the row over disgraced MP Chris Pincher, which ultimately led to the prime minister agreeing to step aside on Thursday.
In a video uploaded alongside a tweet pitching himself as the next Conservative leader, Mr Sunak said: “I want to lead this country in the right direction.”
He also stressed his experience during the pandemic as an example of why he is fit for the job.
“I ran the toughest department in government during the toughest times when we faced the nightmare of COVID,” he continued.
“My values are non-negotiable: patriotism, fairness, hard work.
“We’ve had enough of division.
“Politics at its best is a unifying endeavour and I have spent my career bringing people together. Because that is the only way to succeed.”
‘Someone has to grip this moment’
Mr Sunak’s video address added that the UK cannot tell itself “comforting fairy tales”.
“Do we confront this moment with honesty, seriousness and determination, or do we tell ourselves comforting fairy tales that might make us feel better in the moment but will leave our children worse off tomorrow?” he continued.
“Someone has to grip this moment and make the right decisions. That’s why I’m standing to be the next leader of the Conservative Party and your prime minister.”
Mr Sunak said he would set out his vision in the “coming days and weeks”.
‘Dishy Rishi’ looks to become Tory darling once more
Can “dishy Rishi” convince Tory MPs that he’s to their taste and become flavour of the month in the Conservative leadership election?
Some months ago he was the darling of the party activists, but a row over his wife’s non-dom tax status was too much to swallow for some Conservative MPs.
His Indian father-in-law is a billionaire, he and his wife are fabulously wealthy and cynics will claim he won’t have to scramble for rich donors to bankroll his campaign.
But supporters – like his predecessor in Richmond, Lord Hague – point to his charm, attention to detail and hard work. Lord Hague has spoken of his hands-on approach to learning the problems of Dales farmers.
Until he quit on Tuesday, he frequently clashed with Mr Johnson on tax and spending. He wanted to keep the public finances in order, while the prime minister wanted him to spend more and cut taxes at the same time.
His big success with the public was the furlough scheme during the COVID pandemic and his Eat Out to Help Out scheme, which was hugely popular with diners.
Now, pitching himself as the anti-Boris candidate, “dishy Rishi” has to persuade Conservative MPs and then party members that he’s the real deal rather than the meal deal, if he’s to get his just desserts.
Several Conservative MPs were quick to endorse Mr Sunak as their preferred leadership candidate.
These included former chairman of the Conservative Party Oliver Dowden who described Mr Sunak as “the best person to lead our country and unquestionably the best person to beat Labour”.
Another former cabinet minister Liam Fox said the former chancellor is the only leadership candidate who has the “experience, integrity and vision” to lead the country through the economic challenges it is currently facing.
Chairman of the influential Treasury Select Committee Mel Stride described Mr Sunak as “by far the best candidate to rebuild the economy, adding: “We must have a serious individual to steer us through these serious times.”
Mark Harper said the former chancellor has an “exciting vision for the future of the country”.
He posted on social media: “I’m backing Rishi Sunak to restore trust, rebuild the economy, reunite the country, win the next election.
“I’m #ReadyforRishi as he represents a return to traditional Conservative values and has an exciting vision for the future of our country.”
Sunak ‘can unite the party’
Fellow Conservative MP Angela Richardson, who quit as Michael Gove’s parliamentary private secretary in January over her “deep disappointment” with Mr Johnson’s handling of the partygate scandal, also backed Mr Sunak for leader.
Commons Leader Mark Spencer was another to give his support to Mr Sunak.
“Rishi is the leader that can unite the party, bring the whole country together and win us that fifth general election victory,” he said.
“In serious times we need a person with a proven track record. Rishi gets my full support.”
Red wall Tory MP Jacob Young also endorsed Mr Sunak, saying he has backed Teeside “time and time again”.
“Rishi has the energy and vision to beat Labour in places like Redcar and I trust him to deliver for us with jobs, opportunities and a brighter future,” he posted on social media.
Another Conservative MP from the 2019 intake, Laura Trott, posted on Instagram: “It is time for a leader with integrity. A leader we can trust to unite our party and bring the country together again.”
Who’s in the running?
Ben Wallace is the bookies’ favourite to succeed Mr Johnson as Tory leader and prime minister, having risen up the party’s popularity rankings in recent months.
The latest YouGov poll of Tory members shows the defence secretary as the clear favourite for next leader.
Who are the frontrunners to replace Johnson?
The poll shows Mr Wallace beating all the main contenders including Mr Sunak, Penny Mordaunt and Foreign Secretary Liz Truss.
However, the defence secretary has yet to throw his hat in the ring.
Sky News’ political correspondent Joe Pike understands Mr Wallace is discussing the matter with his family before deciding how to proceed.
Addressing the country shortly after midday on Thursday, Mr Johnson offered his resignation but said he intended to remain in office until his successor is elected, a process that could take months.
This prompted a backlash from senior Conservative figures, including former party leader Sir John Major, who in a letter to 1922 Committee chairman Sir Graham Brady said that it was “unwise and may be unsustainable” for Mr Johnson to stay in place until the autumn.
Labour leader Sir Keir Starmer has also threatened to call a vote of no confidence in the Commons, with the support of other opposition parties, if Tory MPs cannot oust him straight away.
Tugendhat the first to make bid
On Thursday evening, Tom Tugendhat became the first MP to say he would run to replace Mr Johnson in a Tory leadership contest.
Transport Secretary Grant Shapps is also believed to be considering a leadership bid.
Sky News understands that both Dominic Raab, the deputy prime minister, and Michael Gove, the former levelling up secretary, have ruled themselves out of the contest.
Mr Javid is also understood to be deciding whether to enter the contest.