Osborne Rules Himself Out of Race to Be Next U.K. Prime Minister
Who Could Replace David Cameron?
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U.K. Chancellor of the Exchequer George Osborne ruled himself out of the race to succeed David Cameron as prime minister.
Osborne, a close political ally of Cameron and one-time favorite to follow him into the premiership, wrote in the Times newspaper that he had become too divisive after last week’s referendum over membership of the European Union. The chancellor campaigned for a Remain vote alongside Cameron, who announced Friday that he’ll quit within weeks after the nation opted to leave the EU, triggering a leadership contest in his Conservative Party.