Boris Johnson withdrew from the race to lead the Conservative Party on Sunday, taking him out of the running to become prime minister.
Johnson, who had not formally placed his hat in the running, said in a statement Sunday there is a very good chance he would be successful in the election, claiming to have cleared the 100 nominations from Conservative members of Parliament.
Johnson said a run for leadership would not be the best course of action, adding that you can't govern effectively unless you have a united party.
According to The Guardian, former Chancellor of the Exchequer Rishi Sunak is the clear favorite to be the next Prime Minister of the United Kingdom, with more than 140 backers.
After just six weeks on the job, the Conservative Party's new leader is in need of a replacement. The pound fell to an all-time low after a $48 billion tax cut package for the wealthy was introduced by Truss after Queen Elizabeth II's death. After scrapping the plan, she resigned as support from the public waned. After defeating Sunak in the Conservative Party election, which was held after Johnson resigned due to a series of scandals, Truss became the new Prime Minister.
Boris Johnson thinks he has enough support to run for prime minister.
Do you think BoJo will come back? Johnson is one of the favorites to become the next prime minister of the United Kingdom.