good afternoon and welcome to the bbc s news at one. senior conservatives hoping to become prime minister have begun seeking support from their fellow tory mps. they need to gain the backing of at least 100 colleagues in order to stand in the leadership race. liz truss resigned yesterday, though remains in downing street until a successor is appointed. that new leader will be named by next friday at the latest becoming the third prime minister injust two months. in the last hour, the defence secretary, ben wallace, has ruled himself out of the contest. borisjohnson, who was forced out of number ten just six weeks ago, could attempt a comeback. liz truss s former leadership rival, rishi sunak, is the bookmakers favourite. the leader of the house of commons, penny mordaunt, is also likely to stand, as is suella braverman, who resigned as home secretary earlier this week. and the international trade secretary kemi
so what happens now? liz truss will remain in downing street until next friday at the latest. a new leader will be named next week the third prime minister in the space ofjust two months. who could it be? whoever it is will need the backing of at least 100 tory mps by monday afternoon to make the final two. the chancellor, jeremy hunt, has already confirmed he will not stand. but borisjohnson, who was forced out of number 10 just six weeks ago, could be preparing to attempt a comeback. liz truss former leadership rival rishi sunak is the bookmakers favourite. leader of the house of commons penny mordaunt is also likely to stand. as is the former home secretary suella braverman who resigned yesterday. and kemi badenoch, currently international trade secretary, could also be in the running.
penny morton, her leadership rival. she assured everyone to some laughter, some jeers, liz truss was gone for a greend, wasn t hiding under a new desk. you have the new chancellor proceed to almost completely scrap her economic plans which scrapped her list, planned cut to dividends tax, planned income tax for high earners, a few other things as well. all told this saves $36 million of money that the government didn t have to spend in the first place. as you showed there in the first place, the markets responded, the pound rebounded as well and then you have liz truss apologizing later in the day as well for the damage that has been done. now the primary question that seems to be asked in british politics and in this country more broadly, what is the point of liz truss as prime minister? you have all of these signature plans that she planned and
tomorrow s front pages. the mail leads on speculation mps will move to topple liz truss this week. mps will move to topple a similar tone in the i, saying it could all be over for the pm within days. meanwhile, the metro details three separate plots to oust her. the mirror is rather more blunt, saying tory mps want truss to just quit now . the independent says senior tory figures are telling her the game is up . the guardian echoes this sentiment, but suggests truss will try to fight on. the daily express meanwhile focuses on the economic backdrop to all this, asking if her latest u turn will be enough to turn things around. amid this, a plea for unity by former leadership rival penny mordaunt is on the front