Candidates to replace Liz Truss as Tory leader will need at least 100 nominations from Conservative MPs, 1922 Committee chair Sir Graham Brady has said.
This will rule out a number of candidates from running, and means the maximum number of people able to stand is three.
During the last leadership election, Rishi Sunak won 137 nominations, Ms Truss 113 and Penny Mordaunt 105.
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“We fixed a high threshold but a threshold that should be achievable by any serious candidate who has a prospect of going through,” Sir Graham said.
Nominations are open from now and will close at 2pm on Monday – with a new leader to be chosen by the end of the week.
The final two candidates will take part in a hustings event organised with news broadcasters, before an online vote for members to choose who they want to lead the party.
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However, Sky’s political correspondent Ali Fortescue said “it could end up being that it doesn’t go to the membership”.
She points out that some MPs don’t want the vote to go to the party membership, given that Ms Truss was their last pick.
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“They know this is a last chance – they won’t be able to go through another prime minister as quickly as this,” she said.
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.
Image: How the Tory Party changes its leader
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.
The last leadership election – triggered by the resignation of Boris Johnson in July – lasted six weeks and involved several rounds of MPs voting and hustings.
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.
But in an extraordinary turn of events, her short-lived premiership lasted just six weeks.
Ms Truss announced her resignation earlier on Thursday after she met Sir Graham and agreed for a leadership election “to be completed within the next week”.
It means her replacement will be in place before the crucial fiscal statement on 31 October.
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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3:46
Liz Truss’s rise and fall
Her downfall was set in motion by her disastrous mini-budget, which sparked turmoil in the financial markets and forced her to U-turn on the tax-slashing agenda that brought her into office.
In her resignation statement outside Downing Street, Ms Truss said she recognised she could not “deliver the mandate on which I was elected by the Conservative Party”.
MPs call to ‘bring back Boris’
Speculation is mounting about who could replace Ms Truss, with many Conservative MPs calling for Boris Johnson to return.
But any comeback from the ex-PM is likely to be divisive, with other Tories describing such a move as a “fantasy” and “too soon”.
Having been found guilty of breaking his own lockdown laws, he is still the subject of an ongoing inquiry into whether he lied to the Commons over partygate.
Other MPs have thrown their weight behind Mr Sunak, the former chancellor and runner-up in the last leadership race.
Commons leader Ms Mordaunt, who came third, could also be set to throw her hat into the ring.
Sky’s political editor Beth Rigby says Ms Mordaunt is “taking soundings” on the matter.
Sir Keir Starmer, the Labour leader, said the Conservative Party has “shown it no longer has a mandate to govern”, adding that British people “deserve so much better than this revolving door of chaos”.
“Britain is not their personal fiefdom to run how they wish,” he said.
Labour MP Tulip Siddiq has been sentenced to two years in jail for corruption in Bangladesh.
Ms Siddiq was accused of using her influence over her aunt, the country’s former prime minister, to illegally secure plots of land for family members in the diplomatic zone of the capital Dhaka.
She was being tried in absentia.
Her aunt, Sheikh Hasina, was ousted last year and has since been sentenced to death, although she fled to India before she could be arrested.
Ms Siddiq, her niece, has described herself as “collateral damage” in the new Bangladeshgovernment’s campaign against Ms Hasina, and previously said the trial was based on “fabricated accusations and driven by a clear political vendetta”.
In response to the sentence on Monday, Ms Siddiq said the “whole process has been flawed and farcical from the beginning to the end”.
“The outcome of this kangaroo court is as predictable as it is unjustified,” she added. “I hope this so-called ‘verdict’ will be treated with the contempt it deserves.
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“My focus has always been my constituents in Hampstead and Highgate, and I refuse to be distracted by the dirty politics of Bangladesh.”
Image: The MP previously said the trial was ‘driven by a clear political vendetta’. File pic: Reuters
An investigation by Sir Keir Starmer’s ethics adviser, Sir Laurie Magnus, did not find “evidence of improprieties”.
However, he said it was “regrettable” that Ms Siddiq had not been more alert to the “potential reputational risks” of the ties to her aunt.
The UK does not have an extradition treaty in place with Bangladesh.
Former prime minister: Investigation ‘corrupt’
Awami League, a banned political party in Bangladesh, led by Ms Hasina, said that the verdicts were “entirely predictable… just as other recent ACC (Anti-Corruption Commission) cases have been,” and accused the commission of being led by “desperate, unelected men”.
Ms Hasina then added in a statement through the party: “No country is free from corruption. But corruption needs to be investigated in a way that is not itself corrupt.
“The ACC has failed that test today. It is controlled by an unelected government run by the Awami League’s political opponents.
“It has exclusively targeted members of the Awami League, or those seen to be sympathetic to our party, and done nothing to prosecute or even investigate the cronyism that has escalated in Bangladesh since Dr Mohammad Yunus and his so-called interim government took power.”
The former prime minister was handed a combined 21-year prison sentence in other corruption cases last week.
Image: Siddiq was accused of obtaining plots of land from Sheikh Hasina, former prime minister and her aunt. File pic: AP
Barrister Cherie Blair, who is married to ex-prime minister Tony Blair, Sir Robert Buckland, who served as justice secretary, and Dominic Grieve, an ex-attorney general, wrote that the criminal proceedings against Ms Siddiq were “artificial and a contrived and unfair way of pursuing a prosecution”.
The lawyers wrote that Ms Siddiq did not have a “proper opportunity of defending herself”.
“She is being tried in her absence without justification and… the proceedings fall far short of standards of fairness recognised internationally,” they said.
The letter was also signed by high-profile lawyers Philippe Sands and Geoffrey Robertson.
They called for the Bangladeshi authorities to put all the allegations to Ms Siddiq’s lawyers “so that she has a fair opportunity to address them”.
This breaking news story is being updated and more details will be published shortly.
The family of a father-of-four who died on holiday in Benidorm say new evidence has further convinced them that foul play was involved in his death.
Nathan Osman, 30, from Pontypridd in South Wales, was on a long weekend break with friends in Benidorm in September 2024.
Less than 24 hours after he arrived, his body was found by an off-duty police officer at the bottom of a remote 650ft (200m) cliff on the outskirts of the resort.
He died from head and abdominal injuries after falling from height, a post-mortem found.
Local police said it was “a tragic accident” that occurred after Nathan left his friends in Benidorm to walk back to his hotel room alone.
But his family believe the investigation into his death has not been adequate, and that the local authorities have never considered the possibility of a homicide.
Image: Nathan Osman. Pic: Family photo
Their suspicions of foul play were first provoked by the fact that the remote location where Nathan was found was in the opposite direction to the hotel, and some distance away on foot.
They began doing their own investigating, building a timeline of events drawn from sources including CCTV, witness statements and Nathan’s bank records, which they say showed attempts were made to use his bank cards the day after he died.
Now, the family have told Sarah-Jane Mee on The UK Tonight that new phone data they have uncovered suggests he couldn’t have reached the spot he was found on foot.
Image: Nathan’s brother Lee, mother Elizabeth and father Jonathan speak to Sarah-Jane Mee
After getting the phone back a couple of months ago, they say they tracked Nathan’s last movements through a health app.
“There’s a breakdown inside the app of every 10 minutes – the distance, pace, measurement of pace… every detail you can think of,” Nathan’s brother, Lee Evans, tells Mee.
“His pace wasn’t consistent with a fast walk or even a sprint.”
He said it was a faster journey, despite being uphill for 40 minutes, which has convinced the family that he was in a vehicle.
Image: Pic: Family handout
The family also went to visit the area where Nathan was found.
“We were a bit upset, but we were very pleased we went up there”, his mother, Elizabeth, says. “We could see… there’s no way he would have looked at that area and thought, ‘I’m going up here.’
“You can see straight off, there’s no clubs, there’s no hotels up there, there’s just the odd house dotted around. It was just out in the wild, there was nothing up there.”
The family says the phone data has helped them determine that he died around half an hour after he was seen on CCTV walking towards his hotel in the early hours of the morning.
“It was really ridiculous to think that my son would’ve walked up there [the remote location where he died] at 4am in the pitch dark.”
After the family were interviewed by Mee in May, South Wales Police opened its own investigation into Nathan’s death.
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13:33
Nathan’s family speaking to Mee in May
Lee says the Welsh force has been “appalled” by the lack of evidence turned over from the local police’s investigation.
His and Nathan’s father, Jonathan, says: “No procedures were followed. Nothing was cordoned off, it wasn’t a crime scene. There’s loads of things that could’ve been taken. Tyre tracks, foot tracks, nothing. No DNA taken.”
Lee says: “All that we’ve done over the last year, this could’ve been squashed within the first week, two weeks [by local investigators].
“We’ve had to find out and keep delving into every possible outcome and overturn every stone possible. We started off with… a needle in a haystack, we had no direction or any support on which way to go.”
Image: Nathan Osman. Pic: Family handout
What does Nathan’s family hope for now?
Nathan’s family say they have located 27 CCTV cameras which could have picked Nathan up in the area, after local investigators didn’t find any.
Elizabeth says that after alerting Spanish police to the locations, they were told that the CCTV “wouldn’t be working” or that footage would’ve already been erased.
“They just surmised everything,” she adds.
But the family, who found the last known CCTV footage of Nathan earlier this year, are convinced there is still hope.
Lee says: “There’s a number of CCTV footage in that area. We know there’s a way of finding a vehicle of some sort.”
But the family admit they may never find whoever could be responsible for Nathan’s death because so much time has been lost.
Elizabeth concludes: “Nathan walks with us every day. We all believe that,” adding that “all we want” is to find the ones responsible for his death and for him to “have the respect of a decent investigation”.
Sky News contacted Spanish police, which declined to comment, adding the case is under judicial review and it doesn’t want to hinder the course of the investigation.
South Wales Police told Sky News: “South Wales Police is carrying out enquiries on behalf of HM Coroner and a family liaison officer has been appointed to provide support.”
There could be a “danger to life” from heavy rain and flooding across much of Wales until Tuesday, with up to a month’s worth falling within 24 hours, forecasters have warned.
An amber warning that “heavy rain is likely to bring some disruption and probable flooding”, issued by the Met Office, has been extended in most of South Wales until 11.59pm on Monday.
The warning states “fast flowing or deep floodwater is possible, which could cause a danger to life” in the majority of South Wales.
Image: Pic: Met Office
Yellow rain warnings, meaning disruption is possible, have also been issued in parts of England and Wales from the early hours of Monday to 3am on Tuesday, and for most of Monday in southwest Scotland.
Forecasters predict 120mm (4.7in) of rain could fall in the highest ground of the area covered by the amber warning, while 20mm (0.8in) to 40mm (1.6in is expected widely and up to 80mm (3.1in) is likely in hilly parts.
The amount of rain projected to fall on Monday has caused landslides in Wales in the past, according to the British Geological Survey.
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Monday could be “a significant event for many”, and its impact will likely be greater because the ground is already saturated, the Met Office said.
Around 240mm (9.4in) has already fallen in Wales this month, almost 100mm more than its November average of 162mm (6.4in), according to one of its meteorologists.
England and Wales together have had 143% of the normal rainfall, he added.
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Senior operational Met Office meteorologist Marco Petagna said: “All areas have seen above normal rainfall, Scotland and Northern Ireland are less of an issue for tomorrow [Monday], away from southwest Scotland.”
He said parts of England and Wales “have seen already well-above normal rainfall and another several inches to come”.
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Natural Resources Wales (NRW) has listed 34 alerts in southern parts of Wales, warning people to be prepared for possible flooding.
Richard Preece, NRW’s duty tactical manager, said: “With some rivers already swollen and the ground saturated, we expect to see a number of flood alerts and warnings issued.”
The Environment Agency has posted three alerts that say flooding is expected and 42 warning that it is possible.