By Politics.co.uk staff
Boris Johnson’s successor as prime minister will be revealed later when either Liz Truss or Rishi Sunak is named the next Conservative leader.
The winner of the leadership contest will be announced at 12:30 BST before they take up office on Tuesday. The result will be announced at a ceremony in Westminster attended by Conservative grandees, MPs and peers.
Liz Truss is expected to emerge victorious as the lengthy leadership contest draws to a close. Her rival, former chancellor Mr Sunak, has signalled he believes he has lost, saying his job “now is just to support a Conservative government”.
The winner is likely to make a short, televised acceptance speech, before addressing MPs in Parliament and speaking to staff in Conservative HQ.
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Boris Johnson will only formally resign once the new leader is announced and has accepted the role. As per tradition, he is expected to make a speech outside Downing Street before visiting the Queen to formally agree his resignation.
The new Conservative leader will be invited to meet the Queen, who will formally ask them to form a Government.
This historic event, known as ‘kissing hands’, traditionally takes place at Buckingham Palace, but this year will take place at Balmoral.
Details of a new Cabinet are then expected to be announced on Tuesday evening, with the new PM facing the House of Commons for the first time on Wednesday.
The new PM faces a daunting inbox, with a cost of living crisis and inflation at a 40-year high.
Upon moving into Downing Street, Liz Truss has promised to announce further help for people facing energy price rises within a week of taking office. She has also detailed plans to deliver £30bn in tax cuts through an emergency Budget, arguing that the nation’s tax burden is the stumbling-block behind slow economic growth.