“It’s certainly not a circumstance that I would wish to see,” says the Chairman of the 1922 Committee
The Prime Minister resigns as leader of the Conservative Party after only 45 days.
“This morning I met the Chair of the 1922 Committee Sir Graham Brady. We have agreed there will be a leadership election to be completed in the next week.”
A continually updated list of Conservative MPs who called on the Prime Minister to resign.
The biggest loser from today’s statement is Rishi Sunak, if the new Chancellor can prove that the markets will approve of Sunak measures without the man himself.
Under this scheme, the ’22 Executive would change the rules, Truss would go – and a high threshold would be set to ensure only a single nomination.
The results for Officers and the Committee from tonight’s election.
Potential candidates should be required to clear a robust threshold of minimum support to enter the Parliamentary stage of the election – say 25 MPs.
It may be that there’s one between more frequent ballots and a higher threshold – a quarter of the Parliamentary Party, say, rather than 15 per cent.
Some of the Tory tribe still drummed their desks in support of their chief: others stood in sombre silence having just assaulted him.
The Chairman of the 1922 Committee announces that the vote of confidence will occur this evening.
Jesse Norman is the latest to declare that he has no confidence in the Prime Minister.
The Tories would lose lots of seats. He could lose his own seat. It would win him no loyalty or security. It would not deliver better government.
The former Policy Unit head isn’t the institutional Treasury’s greatest fan, and it will watch this appointment closely.
Though it has long since been overshadowed by the death of Her Majesty and the progress of the war in Ukraine, the Conservative leadership contest was horrible. It was too long, too combative, and too expensive.