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| Theresa May officially steps down as Tory leader | Theresa May officially steps down as Tory leader |
| (32 minutes later) | |
| Theresa May will officially step down as the leader of the Conservative Party on Friday, but will remain as prime minister until her successor is chosen. | Theresa May will officially step down as the leader of the Conservative Party on Friday, but will remain as prime minister until her successor is chosen. |
| She announced her resignation two weeks ago, saying it was a matter of deep regret that she had been unable to deliver Brexit. | She announced her resignation two weeks ago, saying it was a matter of deep regret that she had been unable to deliver Brexit. |
| Eleven Conservative MPs are vying to replace her as party leader and, ultimately, prime minister. | Eleven Conservative MPs are vying to replace her as party leader and, ultimately, prime minister. |
| The winner of the contest is expected to be announced in the week of 22 July. | |
| Mrs May remains acting party leader during the leadership election process. | |
| Meanwhile, the Conservatives fell to third place in the Peterborough by-election, behind winners Labour and the Brexit Party in second place, in what is traditionally a Tory-Labour marginal seat. | |
| Mrs May's time as leader has been dominated by Brexit, with her party divided over the issue, and the failure to get her deal through Parliament. | Mrs May's time as leader has been dominated by Brexit, with her party divided over the issue, and the failure to get her deal through Parliament. |
| The UK was originally meant to leave the European Union on 29 March but that was then pushed back to 12 April and eventually 31 October. | The UK was originally meant to leave the European Union on 29 March but that was then pushed back to 12 April and eventually 31 October. |
| When Mrs May announced her resignation, she said it was time for a new prime minister to try to deliver Brexit. | |
| The end of her time as party leader will come in a private exchange of letters with Charles Walker and Dame Cheryl Gillan, the joint acting chairmen of the 1922 Committee of backbench Conservative MPs. | |
| There will then be a call for candidates issued at 17:00 BST, with nominations opening on Monday from 10:00 and closing at 17:00 BST that day. | |
| Leadership candidates need eight MPs to back them. MPs will then vote for their preferred candidates in a series of secret ballots held on 13, 18, 19 and 20 June. | Leadership candidates need eight MPs to back them. MPs will then vote for their preferred candidates in a series of secret ballots held on 13, 18, 19 and 20 June. |
| The final two will be put to a vote of members of the wider Conservative Party from 22 June, with the winner expected to be announced about four weeks later. | |
| While the contest does not officially start until Mrs May steps down, candidates have already been jostling for position. | While the contest does not officially start until Mrs May steps down, candidates have already been jostling for position. |
| How the next prime minister gets a Brexit deal through Parliament and whether they would countenance a no-deal exit has been the dominant question of the campaign so far. | How the next prime minister gets a Brexit deal through Parliament and whether they would countenance a no-deal exit has been the dominant question of the campaign so far. |
| Who will replace Theresa May? | Who will replace Theresa May? |
| The winner of the contest to lead the Conservative Party will become the next prime minister. | The winner of the contest to lead the Conservative Party will become the next prime minister. |
| Dominic Raab's suggestion at a hustings on Wednesday that he would be prepared to shut down Parliament - the process known as prorogation - to ensure the UK leaves the EU on 31 October has been criticised by his rivals. And Commons Speaker John Bercow said on Thursday it was "simply not going to happen". | Dominic Raab's suggestion at a hustings on Wednesday that he would be prepared to shut down Parliament - the process known as prorogation - to ensure the UK leaves the EU on 31 October has been criticised by his rivals. And Commons Speaker John Bercow said on Thursday it was "simply not going to happen". |
| Conservative leadership contender Michael Gove has said the UK must not be bound by a "fixed" date if it needs slightly more time to get a deal. | Conservative leadership contender Michael Gove has said the UK must not be bound by a "fixed" date if it needs slightly more time to get a deal. |
| Others, such as Mr Raab and Boris Johnson, insist the UK must leave on 31 October, whether it has approved a deal with Brussels or not. | Others, such as Mr Raab and Boris Johnson, insist the UK must leave on 31 October, whether it has approved a deal with Brussels or not. |
| Former trade minister Lord Digby Jones has called on Mrs May's successor to provide more "stability" for UK businesses over Brexit. | Former trade minister Lord Digby Jones has called on Mrs May's successor to provide more "stability" for UK businesses over Brexit. |
| He told the BBC's Wake Up to Money programme that they should ensure the UK leaves the EU on 31 October, "preferably with a deal - but without a deal rather than not coming out". | He told the BBC's Wake Up to Money programme that they should ensure the UK leaves the EU on 31 October, "preferably with a deal - but without a deal rather than not coming out". |