- Prime Minister Liz Truss last week announced her resignation after her first economic proposal, an unfunded tax cut, sent in British economy into a deeper downward spiral.
- Johnson never official entered the race, but his return from an overseas trip after Truss’ public resignation Thursday fueled speculation that he would try to recapture his former elected post.
- The former prime minister reportedly has said he has the requisite 100 nominations to appear on the ballot for the Conservative party membership.
- “This would simply not be the right thing to do” because“you can’t govern effectively unless you have a united party in Parliament,” Johnson reportedly said Sunday.
- Britain’s former Finance Minister Rishi Sunak has officially entered the race to lead the Conservative party.