Race For Tory Leadership To Succeed UK Prime Minister Hots Up
Liz Truss has resigned as Prime Minister after 45 days in office marked by turmoil, triggering the second Tory leadership election in Four months.
Ms Truss said her successor would be elected by next week after a rebellion by Tory MPS forced her to quit.
Boris Johnson is among MPS said to be considering bids but Chancellor Jeremy Hunt has ruled himself out.
Sir Graham Brady, the chairman of the 1922 committee of backbench conservative MPS, said a new leader could be chosen by next Friday.
While Mr Hunt – who was appointed Chancellor last week – will not challenge for the leadership, none of the candidates who stood against Ms Truss in the previous contest have indicated whether they would stand.
However, conservative sources said that business Secretary Jacob Rees-Mogg has been encouraging colleagues to back Mr Johnson in the race.
Under party rules, leadership hopefuls will need to secure the support of 100 MPS in order to enter the contest – this means a maximum of three candidates can stand.
A first ballot will be held among MPS and the person with the lowest number of votes will be eliminated, if there are three candidates.
If a second ballot is needed, MPS will be able to signal who they prefer through an indicative vote.