As Penny Mordaunt fails to reach the necessary 100 backers to become PM, and with Sir Graham Brady perhaps unintentionally casting doubt on Boris Johnson’s claims by saying that Rishi Sunak was the “only” candidate to earn 100 backers, the decision of the next Prime Minister of the UK has been decided. This marks the second PM unelected by the people, and the third this year, and is likely to lead to a very divided reception from the public.
Businesses in the region, however, will be hoping for swift and decisive action to bring back some modicum of stability.