The UK Conservative Party's leadership election will be held on Monday 24th

The 1922 committee announced that the first ballot of MPs in the Conservative Party's leadership election will be held on Monday 24th, between 3:30 PM and 5:30 PM UK time.

Candidates competing to become Britain's next prime minister will need the backing of 100 Conservative Party lawmakers to get on the ballot on Monday, organisers said.

If two candidates emerge, they will go to an online vote of members of the wider Conservative Party, with the winner declared by next Friday.

More to come...