Candidates to replace Liz Truss as Tory leader will need at least 100 nominations

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Candidates to replace Liz Truss as Tory leader will need at least 100 nominations
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Candidates to replace Liz Truss as Tory leader will need at least 100 nominations from Conservative MPs, meaning the maximum number of people able to stand is three

However, Sky's political correspondent Ali Fortescue said"it could end up being that it doesn't go to the membership".

One potential option is that MPs coalesce around one candidate, meaning the contest will be over on Monday if only one person is able to receive enough nominations.Sir Graham has already said that the new prime minister will be chosen by Friday 28 October, with Ms Truss to stay on as PM until then. Ms Truss officially took over from her predecessor on 6 September, with members favouring her tax-slashing plan for growth over rival Rishi Sunak's more conservative fiscal policies.earlier on Thursday after she met Sir Graham and agreed for a leadership election"to be completed within the next week".After 44 days in the top job, Ms Truss will be the shortest-serving prime minister in modern British political history.

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