Rishi Sunak back in focus after UK Prime Minister Liz Truss resigns

Former Indian-origin chancellor Rishi Sunak is back in focus now and may make one of the most remarkable political comebacks in British politics

Prime Minister Liz Truss resigned just after 45 days in office and becoming the country's shortest-ruling prime minister.

Speculators expect Sunak, who had contested the election for the prime minister's role against Truss, to take over the top job at 10 Downing Street.

In fact, last week itself the Oddschecker bookies' odds aggregator showed Sunak was racing ahead as the favourite to replace Truss.

However, there is deep infighting within Tory ranks, and loyalists of former PM Boris Johnson think he should be brought back.

Penny Mordaunt, who was a contender in Britain's previous leadership contest this year, is also believed to be in the running, Sky News reported.

Liz Truss resigned today, bringing to an end intense speculations about her future amid economic chaos brought about by her policies.

Truss was eventually undone by her economic programme that sent shockwaves through the markets and divided her Conservative Party just six weeks after she was appointed.

There will be a leadership election next week. Until then, Truss will stay on as prime minister.