Rishi Sunak resigns as prime minister ahead of stepping down as Conservatives leader

Following Labour's landslide victory

Sorin Dojan
clock • 2 min read

Outgoing Prime Minister Rishi Sunak will step down as Conservative Party leader after conceding defeat to Labour in the UK general election.

His announcement came after Labour declared victory with 412 seats in the House of Commons. In a resignation speech at Downing Street on Friday (5 July), Sunak apologised to the country, noting he has "given this job my all". However, the Tory leader added that the voters had sent a clear signal of change, with their judgment ultimately being what matters. Keir Starmer to become UK prime minister after landslide Labour win "I have heard your anger, disappointment and I take responsibility for this loss," Sunak said, promising to step down as Tory party leader as soon as rules for c...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

The Big Question: What would it take for you to allocate more of your portfolio to the UK?
UK

The Big Question: What would it take for you to allocate more of your portfolio to the UK?

Global asset allocators answer

Investment Week
clock 04 April 2025 • 1 min read
Martin Currie's Jo Rands: Share buybacks are here to stay
UK

Martin Currie's Jo Rands: Share buybacks are here to stay

Hidden element of returns

Jo Rands
clock 04 April 2025 • 3 min read
OBR defends growth forecast leak as MPs question lack of tariff references in outlook
UK

OBR defends growth forecast leak as MPs question lack of tariff references in outlook

UK growth expectations slashed to 1%

Sorin Dojan
clock 01 April 2025 • 3 min read
Trustpilot