6/14, 12:14 PM (Source: TeleTrader)
more TeleTrader news

Matt Hancock pulls out of Tory leadership race

British Health Secretary Matt Hancock announced on Friday that he is pulling out of the race for the next leader of the Conservative Party, a day after he won 20 votes in the first round of the Tory leadership contest.

"Thank you for all your support. I have decided to withdraw from the race to be the next leader of the Conservative Party. I will now look for the best way to advance the values we fought for," Hancock stated, without saying who he will be backing in the next round of the election process. "I put myself forward as the candidate for the future, but it is increasingly clear that the party, understandably, is looking for a candidate for the unique circumstances that exist now," he added.

Yesterday, Boris Johnson won the support of 114 out of 313 Tory MPs, while Foreign Secretary Jeremy Hunt came in second with 43 votes. After Hancock's decision to pull out, there are six contenders left ahead of the second round of the leadership race, where candidates that receive fewer than 33 votes will be eliminated.

Breaking the News / FH