Fatafat headlines at this hour | Here's who could be next UK PM as Liz Truss exits | 21.10.2022

The Conservative Party is set to elect a new Prime Minister for the United Kingdom by October 28, the country's fifth in six years after Liz Truss quit on Thursday after her economic programme severely impacted the UK's financial stability and economy.

Liz Truss's tenure is the shortest, most chaotic tenure of any British prime minister, however, even after her resignation, the Conservative Party need not call a nationwide election for another two years as it holds a big majority in parliament.

The fresh contest is likely to pit UK's former finance minister Rishi Sunak against Penny Mordaunt, but a return of Boris Johnson is also being suspected after his ouster as prime minister in July when his ministers resigned en masse to force him out of office.