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Former health secretary Sajid Javid on Tuesday (July 12) dropped out of the leadership contest to replace Boris Johnson as leader of the Conservative Party and prime minister. "There is an abundance of both ideas and talent in our party. One of the candidates will be given the honour of becoming prime minister," Javid said in a statement. "I look forward to seeing the debate unfold and to see colleagues working together as a united Conservative Party once the leadership election is concluded." Javid and chancellor of the exchequer Rishi Sunak resigned on July 5.

Former chancellor Rishi Sunak on Monday (October 24) won the battle for leader of Britain's Conservative party and will become the country's first prime minister of colour. Penny Mordaunt, the last rival left after Boris Johnson dramatically pulled out, failed to secure the necessary 100 nominations from her fellow MPs. "Rishi Sunak is therefore elected as leader of the Conservative party," senior backbencher Graham Brady said, as Mordaunt pledged her "full support" for Sunak. Sunak's triumph came after Johnson's decision late Sunday to abandon his political comeback bid. Just weeks after he lost out to Liz Truss to lead the ruling Tories, Sunak therefore pulled off a stunning reversal in fortunes. The contest, triggered by outgoing leader Truss's resignation on Thursday, had required candidates to secure the support of at least 100 Conservative MPs by 2:00 pm (1300 GMT) on Monday.