Watch live as Sir Graham Brady announces rules for the Tory leadership election
Penny Mordaunt has topped a poll of Tory party members carried out by the Conservative Home website.
20% of the survey panel voted Penny Mordaunt with Kemi Badenoch receiving 19%, Rishi Sunak 12%, Suella Braverman 10% and Liz Truss 10% as well. "The two chart-toppers in ConservativeHome’s first Next Tory Leader survey since Ben Wallace withdrew from the contest, aren’t members of the current Cabinet at all."
"Going through the various rounds there will be aggressive thresholds I imagine in those rounds so perhaps in the first round anyone who gets less than 25 or 30 will have to drop out," he says. "I think quite a few will be putting themselves forward to put themselves in the shop window," he says."To prove to the eventual winner that they have a following and that they should be in cabinet alongside that winner.Asked who he is backing in the leadership election, Sir Charles says Penny Mordaunt.Sir Graham Brady has left the 1922 Committee meeting, where the new executive has been deciding on the timetable and rules for the Tory party leadership election.
Andrew Bailey, the governor of the Bank of England, has given a careful rebuke of new Chancellor Nadhim Zahawi for promising tax cuts in media interviews.
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