Rishi Sunak Vows to Fix UK Economy as He Enters Race to Become Prime Minister

Rishi Sunak poses on the red carpet on arrival to attend the World premiere of the Roald Dahl's Matilda The Musical, during the 2022 BFI London Film Festival, in London, on Oct. 5, 2022. Daniel Leal /AFP via Getty Images

Former Chancellor Rishi Sunak has formally entered the race to become Conservative Party leader and UK prime minister, promising to fix the economy and unite the Tory Party.

Sunak, who lost to Prime Minister Liz Truss in the last Tory leadership contest just six weeks ago, is making a renewed bid for the top job following Truss’s resignation on Oct. 20.