Richmond MP Rishi Sunak is to be the UK’s next prime minister after rival Penny Mordaunt pulled out.
Ms Mordaunt’s decision to concede paves the way for Rishi Sunak to become the next prime minister.
The two candidates had been racing to reach 100 nominations by today’s 2pm deadline, with Mr Sunak thought to have had nearly 200 backers.
In a statement, Ms Mordaunt said it was “clear that colleagues feel we need certainty today”.
“They have taken this decision in good faith for the good of the country.
“As a result, we have now chosen our next prime minister.
“This decision is an historic one and shows, once again, the diversity and talent of our party.”
The Commons leader said Mr Sunak now has her “full support” and that now is the time to “unite and work together for the good of the nation”.
“There is much work to be done,” she added.
Hipswell Green Party county councillor Kevin Foster congratulated the MP on his new job.
He added: “I wish Rishi all the best and that he can reverse the mess that his party has cause all by themselves.
“I also hope that his future voting will reflect the climate emergency that we’re facing rather which he has previously ignored.”
Cllr Foster said he hoped the £21m levelling up grant been submitted by councils in North Yorkshire how stood a better chance of being successful with Rishi as PM.