The UK could find out who is to run the country as early as Monday (October 24), as Conservative MPs are currently deciding who they want as third Prime Minister this year.
Liz Truss announced she is to step down from the role, making her the shortest serving Prime Minister in British history. In her resignation speech, Truss said she had made the decision as she was no longer able to deliver the mandate on which she was elected, following weeks of market turmoil and chaos in Westminster.
Her announcement triggered another leadership contest in the Conservative Party. So far, former Chancellor Rishi Sunak – who lost out to Truss in the last leadership contest – is favourite and Commons Leader Penny Mordaunt has thrown her hat into the ring.
