Ten Things You Need to Know Today: 24 October 2022

The Week’s daily digest of the news agenda, published at 8am

1. Sunak set for power

Rishi Sunak is now the clear favourite to replace Liz Truss after his nearest rival, former prime minister Boris Johnson, pulled out of the race on Sunday evening. Johnson’s statement was “equal parts bullish” and “pretend modesty”, said The Guardian, but his withdrawal means he will avoid “likely humiliation”. Sunak’s other rival, Penny Mordaunt, is “a way off securing 100 backers” ahead of today’s 2pm deadline, said the BBC, so Sunak could win the contest this afternoon.

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