RISHI SUNAK, FORMER TREASURY CHIEF
Sunak, the best-known of the Conservatives' potential leadership contenders, quit the government. In a damning resignation letter, he wrote, "The public rightly expect government to be conducted properly, competently and seriously.”
"I believe these standards are worth fighting for and that is why I am resigning," he said.
Sunak was, for a time, widely regarded as the party's brightest rising star and the bookmakers' favorite to succeed Johnson.
Sunak, 42, became Treasury chief in 2020, given the unenviable job of steering the slumping economy through the coronavirus pandemic. His policies, including dishing out billions of pounds to help businesses and workers, were generally well-received.
But "partygate" changed those fortunes. Like Johnson, Sunak was fined by police for attending a lockdown-flouting birthday party at Downing Street in June 2020. He has also come under heavy criticism for being slow to respond to Britain's severe cost-of-living crisis.
Sunak also faced pressure following revelations that his wife, Akshata Murthy, avoided paying taxes on her overseas income, and that the former investment banker held on to his U.S. green card while serving in government.
Born to Indian parents who moved to Britain from East Africa, Sunak attended the exclusive Winchester College private school and studied at Oxford. Some see his elite education and work for the investment bank Goldman Sachs and a hedge fund as a liability because it makes him seem out of touch with ordinary voters.