42-year-old Rishi Sunak has been elected the new chairman of the Conservative Party of Great Britain and the country’s prime minister.

He was elected after former Trade Secretary Penny Mordaunt failed to secure the necessary support.

Mr Sunak will be Britain’s first black leader and now faces the huge task of stabilizing the party and the country at a time of economic and political hardship.

He will succeed Prime Minister Liz Truss, who resigned last week after just 44 days in office. Her predecessor, Boris Johnson, did not participate in the race, saying that “he could not govern effectively if the party was not united in Parliament”.

Londoners say they want a stable government after Mrs Truss resigns.

“I would like a calm government to lead the country after Brexit, after the epidemic of COVID-19, and we are facing the threat of the breakup of the United Kingdom; we need someone who represents the whole of the UK,” says Londoner Duncan Wood.

“Rishi Sunak was the one who offered solutions when we were in isolation from Covid. Financially he is capable of running the country. We need to fix this place. If you look at the foreign press, we have become a laughing stock,” said Keith Dargue, a resident of London.

In the British parliament there are 357 conservative lawmakers who vote for their leader and the next prime minister.

If after this vote no candidate withdraws, then the selection would be made by the 172,000 party members across the country.