The resignation of Prime Minister Boris Johnson, left, deepens the uncertainty hanging over Britain’s economy, already under strain from an inflation rate heading for double digits, the risk of a recession and Brexit.
The race to replace Johnson, who announced on Thursday that he would resign as leader of the Conservative party and quit office, could take weeks.
“It is clearly the will of the parliamentary Conservative party that there should be a new leader of that party, and therefore a new prime minister,” Johnson said outside 10 Downing Street.
Johnson, 58, quit after a slew of resignations from his top team in protest at his leadership, but he said he would stay on as prime minister until a replacement is found.
After days of battling for his job, he…