Britain to have new PM by 5 September as Tory leadership rules announced | Conservative leadership

A dramatically accelerated Tory leadership contest will begin on Tuesday, with candidates having to attract a higher number of supporters to make it on to the ballot paper.

Sir Graham Brady, the chair of the 1922 Committee, said nominations would open and close on Tuesday, with the first votes on Wednesday and Thursday.

All candidates will need 20 backers to be included in the first round of voting.

More knockout rounds will take place over the following week, with contenders narrowed down to a final two before the Commons goes into recess, followed by a vote by members.

Brady said he hoped the new prime minister would be announced on 5 September, when the Commons returns from the summer recess.

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