Prime Minister Liz Truss resigns as UK prime minister and leader of the Conservative Party. New leader to be chosen in a weeks time.
Liz Truss’s departure after 45 days in office makes her the shortest-serving PM in UK history.
Sir Graham Brady MP set out some of the broad principles of the contest this afternoon:
- The leadership contest should be concluded by Friday 28 October
- Party rules say there will be two final candidates, where the winner will be chosen by the members. This is assuming no-one drops out.
Sir Graham added that further details about the contest will be set out later.