Sir Graham Brady, chair of the 1922 committee of backbench Tory MPs, said that if only one candidate won enough support, then the new leader would be confirmed on Monday, when nominations close.
Britain's prime Minister Liz Truss and her husband Hugh O'Leary walking back inside 10 Downing Street, in central London following Ms Truss's resignation statement. Photograph: Daniel LEAL / AFP/Getty Rishi Sunak, former chancellor, and Penny Mordaunt, leader of the House of Commons, are the two frontrunners to replace her, although several other candidates could enter the fray.
The chancellor is scheduled to deliver a plan to fill a £40 billion hole in Britain’s public accounts on October 31st, but a new prime minister is expected to be in place by that date and will want to put their stamp on the plan.
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