‘No mandate’: UK Labour calls for election
Story: Reina added that Sunak failed to address slow growth during his tenure as finance minister. “Labour thinks we should have a general election, I think everyone I’ve spoken to the public has said we should have a general election, there’s no mandate right now, the Conservatives are totally breaking their promise and ruining our economy,” Rainer said. Rishi Sunak will be Britain’s next prime minister after winning the race to lead the Conservative Party on Monday. He replaced Liz Truss, who lasted just 44 days before resigning, needed to restore stability to a country plagued by years of political and economic turmoil, and seeking to lead an ideologically divided party. A recent small budget for Truss — which sparked her downfall — drove up borrowing costs and mortgage rates, sending investors fleeing.