Rishi Sunak, the former Prime Minister of the UK, is planning to remain in Parliament as a backbencher, dispelling rumors of his return to California.

Friends of Sunak emphasized his commitment to his role as the MP for Richmond and Northallerton, citing his desire to maintain stability for his family, whose children are now settled in school.

Despite a family net worth of approximately £650 million, Sunak has expressed interest in working with artificial intelligence, rather than pursuing lucrative roles elsewhere.

Sources close to Sunak acknowledge he may not stand in the next election or participate in shaping the future Conservative Party leadership.

Other Conservative figures, including former deputy prime minister Oliver Dowden, face speculation about their political futures, though his office has denied any impending exit.

Meanwhile, former cabinet ministers like Grant Shapps and Simon Clarke are eyeing potential returns to Parliament.

During Prime Minister's Questions, Sunak humorously reaffirmed his commitment to his constituency in Yorkshire.

However, Chancellor Rachel Reeves hinted at Sunak's potential move to California by proposing a new air passenger duty targeting private jets.

The Conservative Party may also anticipate significant impacts from impending changes to the rules on MPs' second jobs, which some say could influence MPs' choices to pursue lucrative consultancy work.

Meanwhile, Shadow Chancellor Jeremy Hunt and Shadow Home Secretary James Cleverly confirmed their retreat to the backbenches, focusing on providing the party with fresh faces following their electoral loss and internal leadership shifts.