Nominations for the next Conservative party leader have now opened, the Chairman of the 1922 Committee has confirmed.
It comes hours after Liz Truss quit as Prime Minister, just 44 days into the role. Outside Downing Street, Ms Truss said there would now be a leadership election to replace her. Sir Graham Brady, chairman of the Tory 1922 Committee, said he expected the new leader to be in place by Friday, October 28 - before the delivery of the government's fiscal statement on Monday October 31.
He told reporters: “I have spoken to the party chairman Jake Berry and he has confirmed that it will be possible to conduct a ballot and conclude a leadership election by Friday the 28th of October. So we should have a new leader in place before the fiscal statement which will take place on the 31st.”