How will next PM be chosen?

Candidates are looking for backers now to join the streamlined process.

Step 1

Hopefuls need 100 backers to enter the race.

If only one candidate gets 100 backers then there is no vote, and they automatically become the next leader.

Step 2

If more than 2 candidates, Conservative MPs vote repeatedly until only 2 candidates remain.

Step 3

From 2 candidates, Conservative MPs vote a final time and indicate their preferred candidate.

Step 4

Conservative members across the country vote online to pick a winner, unless one of the candidates drops out.

Step 5

The winner becomes leader of the Conservative party and next PM.