Rishi Sunak will be appointed as the country’s next prime minister by the King today becoming the third Tory leader in less than three months.
Mr Sunak will also start to build his new cabinet, which is expected to encompass MPs from across the political spectrum of the Tory party.
He will deliver his first speech as prime minister just before noon today.
The former chancellor has won an accelerated Tory leadership contest after rivals Penny Mordaunt and Boris Johnson dropped out of the race to replace Liz Truss at No 10.
The handover of power will begin this morning after Ms Truss chairs her final cabinet meeting at 9am. In office for only six weeks, she will then give a farewell speech at Downing Street before tendering her resignation to King Charles III at Buckingham Palace.
The King will then meet the newest Tory leader and invite him to form a government.
One of Mr Sunak’s allies, Victoria Atkins MP, ruled out a general election this morning, saying that “we’ve got a lot to deal with”.
