we ll also look at the crisis in sri lanka. the president has confirmed he will step down after protesters stormed his palace. and we ll look at twitter s share price, which has fallen welcome to college green in front of parliament, where the process of selecting a new leader of the conservative party and new prime minister is under way. if i m occasionally glancing this way and that, sir graham brady, the committee chair, will be speaking in the next few minutes. he will outline the rules of the tory party leadership contest. bear in mind since thursday, effectively that contest began. we still don t know precisely how that will work. what we do know is what the stages of the contest will be. first, each candidate will need to find a number of conservative mps to back them. in previous contests, it was eight. this time, it could be as high as 20. then the 358 conservative mps will vote for their favourite candidates in a series of elimination rounds. let s speak to our poli
unprecedented situation to be in. so what happens now? i think we will get more details by the close of play today from what sir graham brady just play today from what sir graham bradyjust said, i think he will be conscious that he will need to spell out how the next prime minister will be chosen, if the next prime minister is going to be in number ten by the end of the week, what is likely to happen, i think there are a lot of mps who do not want this to go to the party membership, who are worried about that and think they just need to get it over and done with as soon as possible. the logistics of trying to consult the membership within a week are extremely hard to figure out unless it was a quick online ballot, but even then, they would have to whittle it down to the last two extremely quickly. so we wait for more details on exactly what happens. 5ir more details on exactly what ha sens. ,, , ., ., more details on exactly what ha ens. ,, , ., ., ., , more details on exactly what h