Rishi Sunak, the former British Chancellor and a visible star within the Conservative Party, officially announced his bid Sunday to become the next prime minister of the United Kingdom. He now appears to be the front-runner for the job after former Prime Minister Boris Johnson dropped out of the race.
Sunak had been tapped as a likely potential candidate to replace Prime Minister Liz Truss, who announced her resignation after just 45 days in office amidst a growing economic crisis in the U.K.
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