What to expect as the UK Conservative Party prepares for a new leader?

What to expect as the UK Conservative Party prepares for a new leader?
Written by admin

Britain is preparing to elect its fifth prime minister in six years.

Richard Baker | in pictures | Getty Pictures

LONDON — The UK is poised to install a new prime minister this week for the fifth time in six years. Liz Truss’ sudden resignationOnly 44 days left to work.

Truss’ successor will once again be determined by a Conservative Party leadership contest, which will be removed from a short list of candidates.

This time, however, the process quickly entered the one-week space as the party tried to recover its credibility and secure the markets after a while. terrible month of economic turmoil Under Truss’ government.

weekend two Tory hopes they literally threw their hats in the ring to stab the best job. These include frontrunner Rishi Sunak and third-place Penny Mordaunt, who lost to Truss in September’s leadership race.

Former Prime Minister Boris Johnson, who was dismissed in a scandal three months ago, said: Withdrew from the race on behalf of the party union on Sundayalthough it previously claimed to have the necessary support to enter.

The two remaining candidates have since rallied around their MPs (MPs) to collect the minimum vote threshold needed to qualify for the final runoff. How the race is expected to unfold in the coming days, or potentially within hours.

Monday 24, 14: MPs present their candidacy

Monday 24, 18:00 – First vote of MPs

If two or more candidates reach 100 nominations, the contest will continue Monday afternoon with decisive voting.

The first vote of the deputies will be held between 15.00-17.30 and the results will be announced at 18.00.

The Conservative Party in the UK is following an accelerated version of the leadership race it ran earlier this year.

Dan Kitwood | Getty Images News | Getty Pictures

If there are only two candidates at this stage, it is thought that the candidate with the fewest votes will resign to avoid online voting among party members. But this is no guarantee.

In case of three candidates, the one with the fewest votes will be eliminated and a second ballot will take place.

Monday 24, 9 pm — Second vote of MPs

If necessary, a second indicative vote will take place between 18.30 and 20.30 and the result will be announced at 21:00.

At this point, the candidate with the fewest votes can resign. Otherwise, the process will pass to voting among party members.

Friday, 28, 11 – Party member voting ends

Monday 31st – UK financial budget?

The new prime minister will only have days to settle down and announce their new Cabinet before the Treasury’s financial budget is set to be announced Monday, October. 31.

The statement will be watched closely by British and international investors alike as newly appointed Finance Minister Jeremy Hunt tries to undo the devastation wrought by the Truss government and his predecessor, Kwasi Kwarteng.

However, questions remain as to whether the budget will proceed as planned, and whether the newly arrived prime minister will actually keep Hunt in the post.

About the author


Leave a Comment