Surrey MP enters Conservative Party leadership race
We should by this evening (11 July) know the timetable for when a new Prime Minister will be in place.
A committee of backbench MPs that runs the Conservative Party’s leadership contest meets later and decides the details.
So far, 11 candidates are running and - in the first stage - need to get enough colleagues to support them to progress.
Among the candidates is South West Surrey MP Jeremy Hunt. The former health secretary previously ran for party leader back in 2019 and was runner up against Boris Johnson.
Mr Hunt billed himself as the most "experienced" hand in the party leadership content.
He told the BBC's Sunday Morning that there were "a lot of very angry voters" who had abandoned the party in recent months, adding:
"They are not going to come back to us automatically and choosing me will be a very strong signal that the Conservative Party has listened to their anger.
"The reason I am putting my name forward is not that, it is because the two biggest challenges we face as a country now are the international crisis in Ukraine and an economy teetering on the brink of recession.
"I am the experienced Foreign Secretary who is also an entrepreneur who will get the economy going."
On whether he would offer tax cuts for struggling families, Mr Hunt said: "No Conservative should offer unfunded tax cuts. I think that no Conservative should raise taxes either. What you need is smart tax cuts that will grow the economy."
The former health secretary also said he would be happy to publish his tax records in the event he were one of the two final candidates in the race.