Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Five contenders to be next UK PM to face off in TV debate

By Michael Holden

LONDON (Reuters) -The five remaining contenders to be Britain’s next prime minister will go head to head in the first of three televised debates on Friday, hoping a good performance will boost their chances in a battle that so far has no clear frontrunner.

An initial field of 11 challengers has been whittled down following two days of votes by lawmakers from the ruling Conservative Party, but no individual has yet emerged as the obvious successor to Boris Johnson who announced he was stepping down following a series of scandals.

While ex-finance minister Rishi Sunak has topped those two votes, he faces stiff competition from foreign minister Liz Truss, who has the backing of a number of senior figures, and junior trade minister Penny Mordaunt, who polls suggest is the most popular with party members who will decide the winner.

Former equalities minister Kemi Badenoch and Tom Tugendhat, chair of parliament’s Foreign Affairs Committee, also remain in the running and will hope that a strong showing in the televised debates will inject momentum into their campaigns.

“Tonight is the big event because what this is actually about is not just Conservative members, as important as they are, it’s actually about the country at large,” Tugendhat told broadcasters.

“What we need to show, what everybody needs to show, is that they’re able to communicate Conservative messages strongly and debate hard. Because this isn’t actually a knife fight in a phone box. This is about governing the United Kingdom.”

Whoever gets the job will take on rocketing inflation and low economic growth, as well as the public’s lack of confidence in politics after Johnson’s scandal-ridden time in power.

Voter polls also suggest the Conservatives are falling significantly behind the opposition Labour Party.

Who’s going to be the best person to take on (Labour leader) Keir Starmer at the next general election?” lawmaker Richard Holden, a Sunak supporter, told Sky News.

That’s what I’m interested in because I need to hold my seat in order to deliver for the people in my seat.


Sunak, whose decision to quit the Treasury last week helped trigger a cascade of ministerial resignations that brought down Johnson, remains the favourite among his 358 Conservative parliamentary colleagues.

But his lead over Truss and Mordaunt is slim, and both could overtake him depending on whom lawmakers who backed other candidates choose to support. The battle has become increasingly hostile as the rivals fight to stay in the contest.

On Thursday, Attorney General Suella Braverman was knocked out of the race and she has thrown her support behind Truss, who has also gained the backing from David Frost who negotiated Britain’s exit from the European Union.

The Times newspaper reported that Johnson was urging defeated leadership candidates to back “anyone but Rishi.

Meanwhile Mordaunt, a less well-known figure among the public at large who has become the bookmakers’ favourite, is facing increasing attacks from rival camps over her experience, with Frost saying she was not tough enough towards the EU, a key issue for many Conservatives.

“Knives out for Penny! Not up to the job say rivals”, the Daily Express newspaper reported on its front page, while the headline of the Daily Mail, another typically Conservative-supporting tabloid, was “Mordaunt under the microscope.

“People obviously are trying to stop me getting into the final because they don’t want to run against me,” Mordaunt told Sky News, saying she did not want to engage in the same “black op”.

“In the polling that’s been done I beat all other candidates,” she said.

After the TV debates, lawmakers’ ballots will resume on Monday with the candidate with the fewest votes eliminated each time until a final two are chosen by July 21.

The new leader will then be selected by the country’s 200,000 Conservative Party members, and will be announced on Sept. 5.

(Additional reporting by William James; editing by John Stonestreet)

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts