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View all search resultsGross domestic product fell by 11.0 percent in 2020, the Office for National Statistics said. This was a bigger drop than any of the ONS's previous estimates and the largest fall since 1709, according to historical data hosted by the Bank of England.
Sunak's resignation helped trigger a revolt that saw Prime Minister Boris Johnson agree to step down after a series of scandals. Members of the ruling Conservative Party will vote for a successor over the summer, with an announcement due on Sept. 5.
Rishi Sunak, the bookmakers' favourite to prevail, and Suella Braverman are campaigning for the Conservative party leadership and have made reference to the opportunities Britain gave members of minorities like them.
Sunak resigned his role as Chancellor of the Exchequer late Tuesday, prompting dozens of more junior colleagues to follow suit in the subsequent 36 hours and forcing his ex-boss to then quit as leader of the ruling Conservatives on Thursday.
Johnson was expected to announce his resignation after he was abandoned by ministers and his Conservative Party's lawmakers who said he was no longer fit to govern. The Kremlin said it too was no fan of the British leader, whose parents named him Boris after a White Russian emigre.
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