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| Rishi Sunak to become first British Asian PM as Penny Mordaunt bows out | |
| (32 minutes later) | |
| Watch: Sir Graham Brady announces that one nomination for the new leader of the party has been received | Watch: Sir Graham Brady announces that one nomination for the new leader of the party has been received |
| Watch: Sir Graham Brady announces that one nomination for the new leader of the party has been received | Watch: Sir Graham Brady announces that one nomination for the new leader of the party has been received |
| Rishi Sunak will become the UK's first British Asian prime minister after his only remaining rival pulled out of the Tory leadership contest. | Rishi Sunak will become the UK's first British Asian prime minister after his only remaining rival pulled out of the Tory leadership contest. |
| Nearly 200 Conservative MPs publicly backed the former chancellor ahead of the nomination deadline on Monday. | Nearly 200 Conservative MPs publicly backed the former chancellor ahead of the nomination deadline on Monday. |
| Commons Leader Penny Mordaunt dropped out after failing to secure enough support among MPs. | Commons Leader Penny Mordaunt dropped out after failing to secure enough support among MPs. |
| It means Mr Sunak will succeed Liz Truss and become the youngest PM for more than 200 years. | It means Mr Sunak will succeed Liz Truss and become the youngest PM for more than 200 years. |
| The new prime minister is expected to take office in the coming days now the result of the Tory leadership contest is known. | |
| Mr Sunak has addressed Tory MPs after the result was announced by Sir Graham Brady, the chairman of the 1922 committee of backbench Conservatives. | Mr Sunak has addressed Tory MPs after the result was announced by Sir Graham Brady, the chairman of the 1922 committee of backbench Conservatives. |
| In the behind-closed-doors speech, Mr Sunak told them this was going to be a tough period and there were no easy answers, said MP Simon Hoare. | |
| Follow live updates as Rishi Sunak wins contest to be PM | Follow live updates as Rishi Sunak wins contest to be PM |
| A quick guide to the UK's next prime minister | A quick guide to the UK's next prime minister |
| What does the prime minister actually do? | What does the prime minister actually do? |
| The King will appoint Mr Sunak, who will take over from Ms Truss following her resignation just 45 days into her tumultuous premiership last week. | The King will appoint Mr Sunak, who will take over from Ms Truss following her resignation just 45 days into her tumultuous premiership last week. |
| Mr Sunak's coronation, in effect, as Tory leader caps a rapid political comeback by the former chancellor after he lost out to Ms Truss in the last leadership contest during the summer. | |
| Ms Truss - whose tax-cutting agenda Mr Sunak dismissed as "fairytale economics" - tweeted to congratulate him and offer her "full support". | |
| Ms Mordaunt withdrew from the latest contest minutes before the result was announced, admitting it was "clear that colleagues feel we need certainty today". | Ms Mordaunt withdrew from the latest contest minutes before the result was announced, admitting it was "clear that colleagues feel we need certainty today". |
| "This decision is an historic one and shows, once again, the diversity and talent of our party," Ms Mordaunt wrote in a tweet. "Rishi has my full support." | "This decision is an historic one and shows, once again, the diversity and talent of our party," Ms Mordaunt wrote in a tweet. "Rishi has my full support." |
| Conservative Party Chairman Jake Berry said it was time for the party to "unite four-square behind Rishi" after a period of intense political turmoil under Ms Truss's premiership. | Conservative Party Chairman Jake Berry said it was time for the party to "unite four-square behind Rishi" after a period of intense political turmoil under Ms Truss's premiership. |
| Opposition parties have been clamouring for a general election, arguing that Mr Sunak does not have a democratic mandate to become prime minister. | Opposition parties have been clamouring for a general election, arguing that Mr Sunak does not have a democratic mandate to become prime minister. |
| Mr Sunak will be the fourth consecutive prime minister - after Theresa May, Boris Johnson and Ms Truss - to take power without a general election. | Mr Sunak will be the fourth consecutive prime minister - after Theresa May, Boris Johnson and Ms Truss - to take power without a general election. |
| The next general election is not due to take place until at least 2024, after the Conservatives won a landslide majority in the last one in 2019. | The next general election is not due to take place until at least 2024, after the Conservatives won a landslide majority in the last one in 2019. |
| Mr Sunak is under no obligation to call an early election under the UK's parliamentary political system. | Mr Sunak is under no obligation to call an early election under the UK's parliamentary political system. |
| Labour's deputy leader Angela Rayner said Mr Sunak had been crowned prime minister "without him saying a single word about how he would run the country and without anyone having the chance to vote". | Labour's deputy leader Angela Rayner said Mr Sunak had been crowned prime minister "without him saying a single word about how he would run the country and without anyone having the chance to vote". |
| Liberal Democrat leader Ed Davey said Tory MPs had "installed another out-of-touch prime minister with no plan to repair the damage and without giving the British people a say". | Liberal Democrat leader Ed Davey said Tory MPs had "installed another out-of-touch prime minister with no plan to repair the damage and without giving the British people a say". |
| Scotland's First Minister Nicola Sturgeon said Mr Sunak should call an early general election and must not "unleash another round of austerity". | Scotland's First Minister Nicola Sturgeon said Mr Sunak should call an early general election and must not "unleash another round of austerity". |