Rishi Sunak announced as Britain's new Prime Minister by Party's 1922 Committee

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RISHI Sunak will be named Britain's 57th Prime Minister TODAY after rival Penny Mordaunt dropped out of the leadership race.

Mr Sunak won the support of an overwhelming majority of Tory MPs, enabling him to claim the keys to No10.

On the day of Diwali - the Hindu festival of lights - Mr Sunak will become Britain's first PM of Indian heritage.

Ms Mordaunt dropped out of the contest at the last minute this afternoon after she failed to secure the support of 100 colleagues.

Read more:
Rishi Sunak is UK’s next Prime Minister after Penny Mordaunt fails to get 100 backers & Boris steps aside to avoid chaos

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