LIVE UPDATES: Rishi Sunak is UK’s new Prime Minister after Penny Mordaunt fails to get 100 backers and Boris steps aside to avoid chaos
Rishi Sunak will address Tory MPs for the first time as party leader at 2.30pm.
Rishi Sunak has already hoovered up half the parliamentary party - putting him in pole position to win. One of Boris Johnson's closest allies, Nigel Adams, has said that the Tory 1922 verified the ex-PM did get enough MPs to stand.
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