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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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Who could replace Liz Truss as PM?

Liz Truss resigns: Live updates

“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.

“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.

How the Tory Party changes its leader
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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.

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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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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”.

Read more:

We will have a new prime minister, but it’s hard to see how it stops the rot | Beth Rigby
Who is in the running to replace Liz Truss as prime minister?

Mr Johnson resigned following a number of scandals culminating in the Chris Pincher affair – which led to the collapse of support in his cabinet.

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.

‘Britain is not their personal fiefdom’

Opposition parties have said that, whoever wins the leadership race, a general election must be called immediately.

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.

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Russell Brand charged with rape and sexual assault

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Russell Brand charged with rape and sexual assault

Russell Brand has been charged with rape and two counts of sexual assault between 1999 and 2005.

The Metropolitan Police say the 50-year-old comedian, actor and author has also been charged with one count of oral rape and one count of indecent assault.

The charges relate to four women.

He is due to appear at Westminster Magistrates’ Court on Friday 2 May.

Police have said Brand is accused of raping a woman in the Bournemouth area in 1999 and indecently assaulting a woman in the Westminster area of London in 2001.

He is also accused of orally raping and sexually assaulting a woman in Westminster in 2004.

The fourth charge alleges that a woman was sexually assaulted in Westminster between 2004 and 2005.

Police began investigating Brand, from Oxfordshire, in September 2023 after receiving a number of allegations.

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The comedian has previously denied the accusations, and said all his sexual relationships were “absolutely always consensual”.

Met Police Detective Superintendent Andy Furphy, who is leading the investigation, said: “The women who have made reports continue to receive support from specially trained officers.

“The Met’s investigation remains open and detectives ask anyone who has been affected by this case, or anyone who has any information, to come forward and speak with police.”

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Last UK blast furnaces days from closure as Chinese owners cut off crucial supplies

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Last UK blast furnaces days from closure as Chinese owners cut off crucial supplies

​​​​​​​The last blast furnaces left operating in Britain could see their fate sealed within days, after their Chinese owners took the decision to cut off the crucial supply of ingredients keeping them running. 

Jingye, the owner of British Steel in Scunthorpe, has, according to union representatives, cancelled future orders for the iron ore, coal and other raw materials needed to keep the furnaces running.

The upshot is that they may have to close next month – even sooner than the earliest date suggested for its closure.

Read more: Thousands of jobs at risk as British Steel consults unions over closure

The fate of the blast furnaces – the last two domestic sources of virgin steel, made from iron ore rather than recycled – is likely to be determined in a matter of days, with the Department for Business and Trade now actively pondering nationalisation.

The upshot is that even as Britain contends with a trade war across the Atlantic, it is now working against the clock to secure the future of steelmaking at Scunthorpe.

British Steel proceesing

The talks between the government and Jingye broke down last week after the Chinese company, which bought British Steel out of receivership in 2020, rejected a £500m offer of public money to replace the existing furnaces with electric arc furnaces.

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The sum is the same one it offered to Tata Steel, which has shut down the other remaining UK blast furnaces in Port Talbot and is planning to build electric furnaces – which have far lower carbon emissions.

These steel workers could soon be out of work
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These steel workers could soon be out of work

However, the owners argue that the amount is too little to justify extra investment at Scunthorpe, and said last week they were now consulting on the date of shutting both the blast furnaces and the attached steelworks.

Since British Steel is the main provider of steel rails to Network Rail – as well as other construction steels available from only a few sites in the world – the closure would leave the UK more reliant on imports for critical infrastructure sites.

British Steel in action

However, since the site belongs to its Chinese owners, a decision to nationalise the site would involve radical steps government officials are wary of taking.

They also fear leaving taxpayers exposed to a potentially loss-making business for the long run.

British Steel

The dilemma has been heightened by the sharp turn in geopolitical sentiment following Donald Trump’s return to the White House.

The incipient trade war and threatened cut in American support to Europe have sparked fresh calls for countries to act urgently to secure their own supplies of critical materials, especially those used for defence and infrastructure.

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Gareth Stace, head of UK Steel, the industry lobby group, said: “Talks seem to have broken down between government and British Steel.

“My advice to government is: please, Jonathan Reynolds, Business Secretary, get back round that negotiating table, thrash out a deal, and if a deal can’t be found in the next few days, then I fear for the very future of the sector, but also here for Scunthorpe steelworks.”

British Steel declined to comment.

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Prince Andrew’s Pitch@Palace branded ‘crude attempt to enrich himself’ as Chinese spy documents set to be released

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Prince Andrew's Pitch@Palace branded 'crude attempt to enrich himself' as Chinese spy documents set to be released

Prince Andrew’s efforts to make money from his Pitch@Palace project have been branded as a “crude attempt to enrich himself” at the expense of “unsuspecting tech founders”, as new documents may shed more light on what he and his team have been attempting to sell.

Today is the deadline for documents to be released relating to Prince Andrew‘s former senior adviser Dominic Hampshire and his interactions with the alleged Chinese spy Yang Tengbo.

In February, an immigration tribunal heard how the intelligence services had contacted Mr Hampshire about Mr Yang back in 2022. Mr Yang helped set up Pitch@Palace China, a branch of the duke’s scheme to help young entrepreneurs.

The alleged Chinese spy, Yang Tengbo, has links with Prince Andrew
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The alleged Chinese spy, Yang Tengbo, has links with Prince Andrew

Pic: Pitch@Palace
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Yang Tengbo. Pic: Pitch@Palace

Judges banned Mr Yang from the UK, saying his association with a senior royal had made Prince Andrew “vulnerable” and posed a threat to national security. Mr Yang challenged that decision at the Special Immigration Appeals Commission (SIAC).

Since that hearing, media organisations have applied for certain documents relating to the case and Mr Hampshire’s support for Mr Yang to be made public. SIAC agreed to release some information of public interest. It is hoped they may include more details on deals that he was trying to do on behalf of Prince Andrew.

So what do we know about potential deals for Pitch@Palace so far?

In February, Sky News confirmed that palace officials had a meeting last summer with tech funding company StartupBootcamp to discuss a potential tie-up between them and Prince Andrew relating to his Pitch@Palace project.

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The palace wasn’t involved in the fine details of a deal but wanted guarantees to make sure it wouldn’t impact the Royal Family in the future. Sky News understands from one source that the price being discussed for Pitch was around £750,000 – there are, however, reports that a deal may have stalled.

Photos we found on the Chinese Chamber of Commerce website show an event held in Asia between StartupBootcamp and Innovate Global, believed to be an offshoot of Pitch.

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Who is alleged Chinese spy, Yang Tengbo?

Documents, released in relation to the investigations into Mr Tengbo, have also shown how much the duke has always seen Pitch as a way of potentially making money. One document from 21 August 2021 clearly states “the duke needed money at the time, and saw the relationships with China through Pitch as one possible source of funding”.

But Prince Andrew’s apparent intention to use Pitch to make money has led to concerns about whether he is unfairly using the contacts and information he gained when he was a working royal.

Norman Baker, former MP and author of books on royal finances, believes it is “a crude attempt to enrich himself” and goes against what the tech entrepreneurs thought they were signing up for.

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He told Sky News: “The data given by these business people was given on the basis it was an official operation and not something for Prince Andrew, and so in my view, Prince Andrew had no right legally or morally to take the data which has been collected, a huge amount of data, and sell it…

“And quite clearly if you’re going to sell it off to StartupBootcamp, that is not what people had in mind. The entrepreneurs who joined Pitch@Palace did not do so to enrich Prince Andrew,” he said.

Rich Wilson was one tech entrepreneur who was approached at the start of Pitch@Palace to sign up, but he stepped away when he spotted a clause in the contract saying they’d be entitled to 2% equity in any funding he secured.

He feels Prince Andrew is continuing to use those he made a show of supporting.

He said: “It makes me feel sick. I think it’s terrible – that he is continuing to exploit unsuspecting tech founders in this way. A lot of them, I’m quite grey and old in the tooth now, I saw it coming, but clearly most didn’t. And a lot of them were quite young.

“It’ll be their first venture and you’re learning on the trot, so to speak. So to take advantage of people in such a major way – that’s an awful, sickening thing to do.”

We approached StartupBootcamp who said they had no comment to make, and the Duke of York’s office did not respond.

With reports that a deal may have stalled, it could be a big setback for the duke – especially with questions still about how he’ll continue to pay for his home on the Windsor estate now that the King no longer gives him financial support.

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