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    Home > Top Stories > British PM candidate Truss boosted by former rival’s backing
    Top Stories

    British PM candidate Truss boosted by former rival’s backing

    Published by Jessica Weisman-Pitts

    Posted on August 1, 2022

    2 min read

    Last updated: February 5, 2026

    Image capturing Liz Truss during a campaign event, receiving endorsement from former rival Penny Mordaunt. This pivotal moment highlights Truss's growing support in her bid to become the next Prime Minister of the UK.
    Liz Truss, Conservative PM candidate, receives support from Penny Mordaunt - Global Banking & Finance Review
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    Tags:BrexitUK economyfinancial communitypolitical risk insuranceeconomic growth

    Quick Summary

    LONDON (Reuters) – Foreign Secretary Liz Truss’s bid to become Britain’s next prime minister got a major boost on Monday when she received the backing of a lawmaker she narrowly defeated to make it to the final two candidates vying to replace Boris Johnson.

    LONDON (Reuters) – Foreign Secretary Liz Truss’s bid to become Britain’s next prime minister got a major boost on Monday when she received the backing of a lawmaker she narrowly defeated to make it to the final two candidates vying to replace Boris Johnson.

    Junior trade minister Penny Mordaunt was the last contender to be eliminated in a succession of ballots by lawmakers in the ruling Conservative Party, losing out to Truss by just eight votes.

    Party members will now decide whether Truss, who is favourite to succeed Johnson according to opinion polls, or former finance minister Rishi Sunak should be the next Conservative leader and prime minister.

    “I came third in this contest and I owe it to all of you to be a signpost, not a weather vane, and so I’ve made my choice,” Mordaunt told a hustings event in southwest England.

    “I’ve seen enough to know who the person that I’m going to put my faith in is and that is Liz Truss.”

    Mordaunt joins other senior ministers who have backed Truss in recent days, including Defence Secretary Ben Wallace and finance minister Nadhim Zahawi.

    Sunak was initially seen as the favourite to replace Johnson when he helped to steer the economy through the ravages of the COVID-19 pandemic, but he has struggled to make headway against Truss.

    On Sunday he said he would slash the basic rate of income tax by 20% by 2029 in a potentially make-or-break throw of the dice.

    (Reporting by Michael Holden; Editing by Sandra Maler)

    Frequently Asked Questions about British PM candidate Truss boosted by former rival’s backing

    1What is income tax?

    Income tax is a tax imposed on individuals or entities based on their income or profits. It is typically calculated as a percentage of the income earned.

    2What is a lawmaker?

    A lawmaker is an individual who is responsible for creating, amending, or repealing laws. In the UK, lawmakers are typically members of Parliament.

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