Liz Truss resigns: Race kicks off to find her successor within a week

(LANKAPUVATH | COLOMBO) – A fast-tracked contest to find the next Tory leader and prime minister has begun after Liz Truss dramatically resigned as PM, barely six weeks into the job.

Hopefuls need the backing of 100 MPs by Monday, with her successor likely to be announced by Friday at the latest.

New Chancellor Jeremy Hunt has ruled himself out but Rishi Sunak and Penny Mordaunt are seen as contenders.

Sources close to Boris Johnson neither confirm nor deny he will stand again.

A handful of the former prime minister’s biggest political supporters are pressing him to make a comeback.

Business Secretary Jacob Rees-Mogg has been encouraging MP colleagues to nominate Mr Johnson, Conservative sources have told BBC News.

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