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    Home > Top Stories > UK Conservative Party to announce new leader on Nov. 2
    Top Stories

    UK Conservative Party to announce new leader on Nov. 2

    Published by Uma Rajagopal

    Posted on July 23, 2024

    1 min read

    Last updated: January 29, 2026

    Image depicting the UK Conservative Party's upcoming leadership announcement set for November 2, 2024. This follows a significant election defeat and Rishi Sunak's resignation as leader, impacting the future of UK politics.
    UK Conservative Party leadership announcement on Nov. 2 - Global Banking & Finance Review
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    Tags:AppointmentUK economyConservative governmentfinancial community

    Quick Summary

    LONDON (Reuters) -Britain’s Conservative Party said on Monday it will name its new leader on Nov. 2, following the party’s worst-ever election performance this month that prompted former

    LONDON (Reuters) -Britain’s Conservative Party said on Monday it will name its new leader on Nov. 2, following the party’s worst-ever election performance this month that prompted former Prime Minister Rishi Sunak to say he would stand down.

    Sunak will remain acting leader until the appointment of a successor, the Conservative Party said in a statement.

    The leadership contest will see the party narrow down the field of nominations to four candidates who will make their case at the Conservative Party conference.

    The nominations will further narrow down to two candidates, following which party members will vote for a leader.

    The Times, which was first to report the contest, said up to eight candidates were expected to put their names forward.

    Sunak’s election campaign ended in failure on July 4, when the centre-left Labour Party, led by Keir Starmer, won a landslide victory that ended 14 years of Conservative-led government.

    Sunak said in his final speech outside the prime minister’s Downing Street office that he would quit as leader of the party once formal arrangements for his successor were in place.

    (Reporting by William James, Elizabeth Piper and Utkarsh Shetti; Editing by Bill Berkrot and Rod Nickel)

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