London | Former UK chancellor Rishi Sunak looked set to be anointed prime minister on Monday (early Tuesday AEDT) after Boris Johnson pulled the plug on his dramatic comeback campaign for the top job in British politics.
After Mr Johnson rushed back from a Caribbean holiday to run the numbers over the weekend for a second crack at Downing Street, he conceded late on Sunday (Monday AEDT) that his bid risked splintering the Conservative Party.
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Bloomberg
Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.