Boris Johnson wins Tory leadership contest to become new UK prime minister

The Conservative leadership race is over, and Boris Johnson has beat off competition from fellow Tory MP Jeremy Hunt to become the next British prime minister.

Boris Johnson has secured his position as the new Conservative leader and next UK prime minister, after party members elected him over rival Jeremy Hunt in a landslide victory.

Johnson beat Hunt easily, securing 92,153 votes to his 46,656

The former Mayor of London will enter Downing Street on Wednesday taking the reins from former British prime minister Theresa May.

Boris Johnson vows to deliver Brexit

After his victory, Johnson stepped up to the podium at the Queen Elizabeth II centre in London and promised to ‘deliver Brexit, unite the country and defeat Jeremy Corbyn’.

‘We are going to get Brexit done on 31 October and take advantage of all the opportunities it will bring with a new spirit of can do,’ he said.

‘We are once again going to believe in ourselves, and like some slumbering giant we are going to rise and ping off the guy ropes of self-doubt and negativity,’ he added.

Senior Tory ministers set to resign following Boris Johnson’s victory

UK Education Minister Anne Milton announced her resignation via Twitter minutes before the official leadership result was announced.

‘Having abstained in the vote last week, today I have resigned from the Government,’ Milton said.

‘It has been an honour to serve on the Conservative frontbenches, my thanks to everyone I have had the pleasure of working alongside.’

Milton joins a raft of fellow cabinet ministers resigning in the wake of Johnson’s victory, with Chancellor Philip Hammond, Justice Secretary David Gauke and International Development Secretary Rory Stewart all stepping down over the new prime minister’s Brexit strategy.

US President Donald Trump congratulates new British PM

Shortly after Johnson’s victory was announced, US President Donald Trump reached for his mobile phone to hastily congratulate him.

‘Congratulation to Boris Johnson on becoming the new Prime Minister of the United Kingdom,’ Trump tweeted. ‘He will be great.’

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

European Central Bank meeting

Learn about how the ECB meeting affects interest rates and price stability ahead of the next announcement.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.