Boris Johnson drops out of race leaving Rishi Sunak as clear front-runner

Sunak would be the first leader of color to preside over Britain’s government and the first of Indian descent.

His wife is the daughter of the founder of Infosys, a billionaire in India; the couple are among the richest in Britain; Sunak is a graduate of Stanford and a former employee of Goldman Sachs. He is a centrist on the economy, who promises to balance the books and pay heed to the Bank of England and the bond market.

Sunak, too, was in part responsible for Johnson’s ouster as prime minister.

He abandoned Johnson’s cabinet as his government unraveled over the summer. Sunak was also prescient, saying that the economic plan of Johnson’s replacement, Liz Truss, was based on “fantasy” economics. Truss was a zealous supply-side and tax-cutting enthusiast who lasted just six weeks after that plan caused massive disruption to Britain’s economy.

In a statement, Johnson said he had enough support to proceed to a vote among Conservative Party lawmakers on Monday. That claim was unsupported by tallies of lawmakers by the BBC and The Guardian, which did not show Johnson reaching the hurdle of 100 votes of 357 Tory members in the House of Commons.

Johnson said, “I believe I have much to offer but I am afraid that this is simply not the right time.”

Johnson said he had reached out to his competitors Sunak and the Conservative Party’s leader of the House of Commons, Penny Mordaunt, to strike some kind of deal — Johnson does not say what kind of deal — “because I hoped that we could come together in the national interest — we have sadly not been able to work out a way of doing this.”

He seemed to blame them for his withdrawal.

“There is a very good chance that I would be successful in the election with Conservative Party members — and that I could indeed be back in Downing Street on Friday,” Johnson said.

“But in the course of the last days I have sadly come to the conclusion that this would simply not be the right thing to do. You can’t govern effectively unless you have a united party in parliament.”

Mordaunt is still in the running but remains far behind with only 25 declared supporters. Sunak has 155. She will be hoping to pick up support from undeclared voters and Johnson backers, but already some of those have said they will be backing Sunak.

Sunak reacted to the news of Johnson pulling out, tweeting, “I truly hope he continues to contribute to public life at home and abroad.”

In what could be read as a plea to Johnson supporters, he said: “Boris Johnson delivered Brexit and the great vaccine roll-out. He led our country through some of the toughest challenges we have ever faced, and then took on Putin and his barbaric war in Ukraine. We will always be grateful to him for that.”

The problem for Johnson, the mop-headed…