(ZEROHEDGE) – There's still several weeks to go until a winner is announced, but foreign minister Liz Truss has emerged as the presumptive favorite in the race to be the United Kingdom's next prime minister.
Boris Johnson's July 7 resignation signaled the start of a two-month leadership contest in which members of the UK's governing Conservative Party will choose his successor. The final result is to be announced on Monday Sept 5 -- Labor Day in the USA.
Following a series of televised debates and several rounds of voting by Conservative members of Parliament, the original field of 11 candidates has been narrowed to two – Truss and Rishi Sunak. Until he resigned on July 5, Sunak was chancellor of the exchequer, which is comparable to the American Treasury secretary. In his resignation letter to Johnson, Sunak said, "You have...lost my confidence."
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