The race to decide the next PM is on - candidates need 100 backers by tomorrow afternoon
The race to become Britain's next Prime Minister is in full swing just days after Liz Truss' resignation - and we could have a new leader in just two days.
The latest date we could have a new PM in No 10 is Friday - but they could be in office as soon as Tuesday . Here's how.Candidates are required to get the backing of 100 MPs publicly by 2pm tomorrow if they are to secure their place on the all-important ballot. As there are 357 Tory MPs, this means only three people can possibly gather enough support to get on the paper. So far, Rishi Sunak is the only formally declared candidate to reach this milestone.
Unless only one candidate reaches the required 100 backers, or all others pull out leaving just one standing, the final choice between two hopefuls will eventually be decided by Conservative party members in an online vote. Conservative party members will only be polled if two candidates remain and neither choose to back down.
Any vote between two candidates would not choose the new PM - it will indicate to party members which candidate is favoured by MPs. Once two remain, it will then go a poll of Tory party members. It is not clear exactly when this poll would end, but the latest would be Friday .
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