Rishi Sunak, Penny Mordaunt and Boris Johnson touted as possible PM contenders
Rishi Sunak, Penny Mordaunt and Boris Johnson touted as possible PM contenders
(about 2 hours later)
Liz Truss resigns after 45 days in office, as her husband looks on
Liz Truss resigns after 45 days in office, as her husband looks on
Senior Conservatives hoping to succeed Liz Truss as prime minister have begun canvassing support among Tory MPs.
Conservative MPs hoping to succeed Liz Truss as prime minister are racing to find backers before a Monday deadline.
Ms Truss dramatically resigned on Thursday just six weeks into the job, making her premiership the shortest in British history.
Ms Truss resigned on Thursday just six weeks into the job, making her tumultuous premiership the shortest in British history.
The process has now begun to find a new prime minister by next Friday.
Candidates to replace her need support from at least 100 colleagues, limiting the contest to three.
Rishi Sunak and Penny Mordaunt are the likely contenders, while sources close to Boris Johnson neither confirm nor deny he will stand again.
Former PM Boris Johnson has not ruled out a dramatic comeback, months after being forced out after a Tory revolt.
Those putting their hat in the ring will need the support of at least 100 Tory MPs, meaning there can only be a maximum of three candidates.
Rishi Sunak and Penny Mordaunt, who stood unsuccessfully in the contest to replace him, are also seen as likely contenders to run again.
A handful of Mr Johnson's biggest political supporters are pressing the former prime minister to make a comeback.
Who could replace Liz Truss as prime minister?
Business Secretary Jacob Rees-Mogg has been encouraging MP colleagues to nominate Mr Johnson, Conservative sources have told BBC News.
Chris Mason: Who will be our next prime minister?
The Daily Telegraph quoted an ally of Mr Johnson as saying he could offer an "olive branch" to Mr Sunak, his former chancellor whose resignation contributed to his downfall.
Liz Truss's resignation speech in full
Tim Montgomerie, founder of the Conservative Home website, told BBC Radio 4's Today Programme that people should be taking rumours of a Boris Johnson leadership campaign "very seriously".
So far, the BBC estimates that Mr Sunak has the most MPs declaring their support, with 43, to Boris Johnson's 19 and Penny Mordaunt's 15.
"I've changed my own opinion over the last 24 hours. I'm now hearing from two or three people I really respect who are usually very good at the numbers that he is not only likely to pass the 100 MPs threshold but could get close to 140."
But it is a fast moving situation, and others, such as Defence Secretary Ben Wallace, former Home Secretary Suella Braverman and International Trade Secretary Kemi Badenoch, are thought to be considering bids.
Karl McCartney, MP for Lincoln, told the Today Programme he was backing Mr Johnson, saying: "People have been coming up to me and saying they want Boris to come back. I didn't want him to resign in the first place."
Tom Tugendhat, who stood in the last contest held over the summer, and Michael Gove have said they will sit this one out. Chancellor Jeremy Hunt has also ruled himself out.
But others are unconvinced. Tory MP John Baron said it would be impossible to serve in a new Johnson government and suggested he would become independent instead.
Candidates have until 2pm on Monday to find 100 backers. If three reach the threshold, MPs will knock one out in a ballot on the same day.
Mr Johnson, who is on holiday in the Caribbean, was forced to resign as Conservative leader in July following a string of scandals.
'Boris or bust'
BBC political correspondent Ione Wells says some senior Conservatives have said they would consider standing down and triggering a by-election if Mr Johnson was re-elected.
MPs will hold an "indicative" ballot of the final two, with the winner then decided in an online vote of party members to finish on Friday next week.
However, she says Cabinet Office minister Brendan Clarke-Smith insists that the former prime minister was a proven winner who could restore his party's fortunes.
Business Secretary Jacob Rees-Mogg has been encouraging MP colleagues to nominate Mr Johnson, and tweeted his support earlier alongside the hashtag "Boris or bust".
Mr Smith said: "We're looking at someone with a mandate with the general electorate, the membership, he's a winner. He delivered an historic 80-seat majority. We need somebody who can unite the party, get us back in the polls and who can be a winner and Boris Johnson ticks all of those boxes."
If Mr Johnson did make a comeback it would be unprecedented in British political history, coming a matter of weeks after being forced out by his own MPs after a string of scandals.
Other names being touted as contenders, although not confirmed, include Defence Secretary Ben Wallace, International Trade Secretary Kemi Badenoch, Foreign Secretary James Cleverly, Justice Secretary Brandon Lewis and Suella Braverman, who resigned as home secretary on Wednesday.
Polling suggests he remains popular with Tory members, but another tilt at the leadership could prove divisive among Tory MPs, some of whom have said they would quit politics if he came back.
Michael Gove and Tom Tugendhat, who stood in the last contest held over the summer, have said they will sit this one out.
Mr Johnson has been on holiday in the Caribbean. His father Stanley told ITV he understood his son was on a plane back to the UK, but would not be drawn on whether he would stand.
John Lamont, MP for Berwickshire, Roxburgh and Selkirk, said he was backing Ms Mordaunt to become the next leader, saying: "I very much hope she does decide to stand.
"She has the capacity to not only unite the country and unite the party, but really move us forward," he told BBC Breakfast. "She can bring us all together, she can bring all the different talent and skills that the conservative party has into the cabinet and drive this country forward."
WATCH: Liz Truss's 45 days in office
WATCH: Liz Truss's 45 days in office
WATCH: Liz Truss's 45 days in office
WATCH: Liz Truss's 45 days in office
At 13:35 BST on Thursday, after days of turmoil, chaos and rebellion, Liz Truss delivered a brief resignation statement under grey skies outside No 10, a lone figure with just her husband, Hugh O'Leary, standing to one side.
Cabinet Office minister Brendan Clarke-Smith said Mr Johnson was a proven winner who could restore his party's fortunes.
She told the mass of waiting camera crews and reporters she could not deliver the mandate on which she had been elected, and would resign.
But fellow Tory John Baron said it would be impossible to serve in a new Johnson government, and suggested he would become independent instead.
In so doing, she will become the shortest-serving British prime minister in history.
Opposition parties are calling for a general election to decide who should be the next prime minister.
Opposition parties immediately insisted it was time for a general election to decide who should be the next prime minister.
Labour leader Sir Keir Starmer has also called on Ms Truss to give up the £115,000 a year allowance she will be entitled to as a former prime minister.
Labour leader Sir Keir Starmer said his party was on an election footing, with a manifesto at the ready.
"She's done 44 days in office, she's not really entitled to it, she should turn it down and not take it," he told ITV.
Liberal Democrat leader Sir Ed Davey, Scotland's First Minister Nicola Sturgeon and Wales's First Minister Mark Drakeford all demanded the electorate decide.
The next general election is not due to take place until at least 2024 and, at this stage, it looks unlikely that date will be brought forward.
The next general election is not due to take place until at least 2024 and, at this stage, it looks unlikely that date will be brought forward.
Ms Truss, 47, has said she will stay on until her successor is chosen. They will inherit a fractious party 12 years into office, with turmoil at home and abroad.
Labour has been way ahead of the Conservatives in recent opinion polls.
Ms Truss's resignation comes after several weeks of political and economic turbulence - and one day after she told MPs she was "a fighter, not a quitter".
Her now-abandoned September mini-budget started the turmoil, sending financial markets into a tailspin. In response, she sacked her chancellor, Kwasi Kwarteng, and appointed Jeremy Hunt to the post hours later to try to calm the markets.
On Wednesday, her home secretary, Suella Braverman, resigned and a chaotic night with accusations of bullying during a vote in the House of Commons followed, sealing her fate.
Through Thursday morning, the number of MPs publicly calling for the prime minister to go doubled and Sir Graham Brady, chairman of the influential 1922 Committee - a group of backbench MPs - was summoned to No 10 to give her an update.
On BBC Newsnight, long-time Conservative MP Sir Christopher Chope defended Ms Truss, calling those who ousted her "hyenas who are out for blood and revenge".
He said: "The way in which she has been treated is a disgrace. I am ashamed of my party for having behaved in that way."
CONTENDERS: Who could be the next prime minister?
CONTENDERS: Who could be the next prime minister?
ANALYSIS: The rise and fall of Liz Truss
ANALYSIS: The rise and fall of Liz Truss
PROFILED: The man who sees off Tory PMs
PROFILED: The man who sees off Tory PMs
IN FULL: Liz Truss's resignation speech
IN FULL: Liz Truss's resignation speech
It now falls to Sir Graham Brady of the 1922 Committee to organise the accelerated contest to find Ms Truss's successor - who could be chosen by next Friday.
Ms Truss's resignation on Thursday followed weeks of turmoil on financial markets following her tax-cutting mini-budget in September.
Under party rules, leadership hopefuls will need to secure the support of 100 MPs to enter the contest.
In response, she sacked her chancellor, Kwasi Kwarteng, and appointed Jeremy Hunt to the post hours later to try to calm the markets.
There are 357 Conservative MPs so that means a maximum of three candidates can stand.
On Wednesday, her home secretary, Suella Braverman, resigned and a chaotic night with accusations of bullying during a vote in the House of Commons followed, sealing her fate.
Candidate nominations will close at 14:00 BST on Monday and the first ballot of MPs will be held that day between 15:30 and 17:30.
A first ballot will be held among MPs and the person with the lowest number of votes will be eliminated, if there are three candidates.
If a second ballot is needed, MPs will be able to signal who they prefer through an indicative vote.
And if both candidates opt to stay in the race, the final decision will go to party members via an online vote.
