The UK's Former finance minister along with the country's foreign secretary will battle to replace British Prime Minister Boris Johnson.

Iran PressEurope: Rishi Sunak, a former chancellor of the Exchequer, and Liz Truss, the foreign secretary, emerged as the finalists after five rounds of voting whittled the original field of 11. They will now compete in a vote of the party’s rank-and-file membership, with the results announced in early September.

Johnson resigned as party leader earlier this month after a series of scandals led to dozens of ministerial resignations. Ten Conservatives stood in the contest to replace him, and over five rounds of voting, members of parliament whittled those down to two.

Sunak won 137 votes and Truss got 113 votes in the final round, while Penny Mordaunt with 105 votes lost out.

Whoever replaces Boris Johnson as Prime Minister when the result is announced on September 5 will inherit some of the most difficult economic conditions in Britain in decades. Inflation is on course to hit 11 percent annually, growth is stalling, industrial action is on the rise and the pound is near historic lows against the dollar. 219

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