UK PM race Live Updates: Rishi Sunak takes lead as Boris Johnson pulls out of contest

Rishi Sunak has surged forward within the race to be Conservative chief as Boris Johnson introduced that he won’t stand within the Tory management contest. 

Johnson’s assertion seemingly paves the best way for his arch rival, the 42-year-old former finance minister Sunak, to turn out to be prime minister, presumably as quickly as Monday. If confirmed, Rishi Sunak would substitute Liz Truss who was pressured to resign after she launched an financial programme that triggered turmoil on monetary markets.