which is wh i think penny mordaunt rishi sunak. ople started off i why i think some people started off the afternoon when the leadership for scott _ the afternoon when the leadership for scott announced. it is true that in terms _ for scott announced. it is true that in terms of— for scott announced. it is true that in terms of mp numbers, it does look to he_ in terms of mp numbers, it does look to he at— in terms of mp numbers, it does look to he at the _ in terms of mp numbers, it does look to be at the moment, between rishi sunak— to be at the moment, between rishi sunak and borisjohnson. but, i think— sunak and borisjohnson. but, i thinkwe've _ sunak and borisjohnson. but, i think we've all got very short memories in this and i still think there _ memories in this and i still think there are — memories in this and i still think there are a — memories in this and i still think there are a lot of mps who remember how bad _ there are a lot of mps who remember how bad things come up with boris johnson _ how bad things come up with b

rishi sunak, penny — we've heard... potentially rishi sunak, penny mordaunt - we've heard... ng talked about. is it credible that the conservatives change leadership again is not this is the fourth leader in six years without the times are reporting that there is this plot to replace liz truss with rishi sunak, penny mordaunt for that it would be a dream ticket. this would be a _ it would be a dream ticket. this would be a joint _ it would be a dream ticket. this would be a joint coronation, just literally get rid of liz truss and kwasi — literally get rid of liz truss and kwasi kwarteng and they would cut their crowns. they can change the rules— their crowns. they can change the rules at— their crowns. they can change the rules at any— their crowns. they can change the rules at any point if they want to. they— rules at any point if they want to. they don't have to wait for the 12 months _ they don't have to wait for the 12 months you will lapse. what kwasi kwarteng is saying in the telegraph in an interview, presumably from washington he says, yes it's been about— washington

the only two characters whom we know have publicly expressed that they are in our rishi sunak and penny mordauntng of 147 supporting mps supporting that manner, rishi sunak. and just 24 having publicly declared their support for penny mordaunt. that would suggest that she has quite a lot of work to do. however, if boris johnson is correct in saying he had managed to clear 102 nominations well, there may be a significant proportion of those who would want to turn to penny mordaunt rather than to rishi sunak. we have until the end of the week before this might be concluded. i suppose we should point out, it may lay out the timetable. it may still yet to take us to the end of the week. yes. timetable. it may still yet to take us to the end of the week.- us to the end of the week. yes. i should say. _ us to the end of the week. yes. i should say. in — us to the end of the week. yes. i should say, in the _ us to the end of the week. yes. i should say, in the last _ us to the end of the week. yes. i should say, in the last few- us to the end of the week. yes. i i should say, in the last few minutes it

rishi sunak and penny mordaunt. r, and he was right on a lot of the programme including the fact we need to live within our means and we get back to traditional conservative values and making sure that people's mortgages don't go higher than they need to, because we are fiscally responsible. i think he has set out his stall, his programme. colleagues have backed him in a very big way. you talked about the numbers, 150, 160 mp5 who have backed him so far, so he has the clarity of message and, of course, the fact he was right about this when he was talking about it in the summer. he has the proven track record as the chancellor who got us through coronavirus, so i think he has all of the really good ideas on his side and i think he would be a terrific prime minister if it comes to that. andrea leadsom is a penny mordaunt supporter and has been speaking in the past few minutes. we are feeling supremely confident at the moment and there's a lot of support for penny from colleagues and we had that support from all sides o

it you put rishi sunak and penny mordaunt?— you put rishi sunak and penny mordaunt?e right - victoria? here we have got, we have got the unity candidate right here. i got the unity candidate right here. harry, tell me, you say you have been away from this, you have not done a solo tour in this way for a decade. i done a solo tour in this way for a decade. ~ ., ., �* ~ ., , decade. i know. i don't know why it has been so — decade. i know. i don't know why it has been so long. _ decade. i know. i don't know why it has been so long. i _ decade. i know. i don't know why it has been so long. i kept _ decade. i know. i don't know why it has been so long. i kept meaning i decade. i know. i don't know why it| has been so long. i kept meaning to do it and then when they loved and came in, and they said, oh, no, you can't do it, i said i better get on and do it. can't do it, i said i better get on and do it— can't do it, i said i better get on and do it. ~ ., , i. and do it. -- the lockdown. did you feel rusty? — and do it. -- the lockdown. did you feel rusty? it _ and do it.

costa brexit and other any other leading candidates that we hearing about, borisjohnson, penny mordaunt, rishi sunak worse in that conversation? i it better or worse in that conversation?— it better or worse in that conversation? ~ ,., u, conversation? i think political leadership — conversation? i think political leadership does _ conversation? i think political leadership does make - conversation? i think political leadership does make a - conversation? i think political- leadership does make a difference and be seen different approaches from theresa may in the boris johnson and then liz truss, and the initial weeks, johnson and then liz truss, and the initialweeks, orthe johnson and then liz truss, and the initial weeks, or the prime minister ii initial weeks, or the prime minister 11 difference in styling and tone, it's not for people abroad to comment specifically on specific candidates but in the european union, including in ireland, we would like someone who is serious and trustworthy and was respectful of the deals that they have made and hopefully also somebody who is not in hock to the eur

and then of course most of the stories live and had to rishi sunak who has well over 150 endorsements, far and away the most, penny mordaunt 25 the last time i checked. so we have now got the most front pages looking ahead and saying rishi sunak is set to be the next prime minister.— next prime minister. let's look at the daily mail. — next prime minister. let's look at the daily mail, turny _ next prime minister. let's look at the daily mail, turny -- _ next prime minister. let's look at the daily mail, turny -- tony. - next prime minister. let's look at. the daily mail, turny -- tony. rishi the daily mail, turny —— tony. rishi set for number ten as boris bails out, firmly on course, how likely do you think it will be a coronation rather than a contest? wejust you think it will be a coronation rather than a contest? we just don't know how well penny mordaunt will do between now and two o'clock this afternoon —— tomorrow afternoon. it is quite a short period of time in which _ is quite a short period of time in which to— is quite a short period of time in which to gather the necessary 100 nominations to become eligible to

chances of being the next tory leader after boris johnson pulled out last night is it rishi sunak or is it penny mordauntd rishi sunak running off this week? we will know by friday that is it for "street signs." i'm julianna tatelbaum "worldwide exchange" is up next. why do nearly one million businesses choose stamps.com to mail and ship? stamps.com is convenient you get the services of the post office right on your computer stamps.com saves you money with great rates from usps and ups mail letters ship packages anytime anywhere for less a lot less get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and get started today >>> it is 5:00 a.m. at cnbc global headquarters. here is your top "five@5." the bulls trying to hold on after a wild week of trading that saw the dow do something for the first time since late june >>> investors bracing for the second busiest week of earnings season as 152 s&p companies and is dow get set to report you have the likes of apple the, microsoft and boeing >>> in the uk, former prime minister boris johnson takes his hat out of the

close on monday afternoon, with the former chancellor, the uk's finance minister, rishi sunak and cabinet minister penny mordaunty candidates who've declared they're running. our political editor, chris mason, has this report. are you running for the leadership, mr sunak? could september's loser be october's prime minister? rishi sunak is a step closer to downing street tonight, beaten by liz truss just weeks ago, he could replace her as soon as tomorrow. declaring his candidacy today, he wrote: he also felt the need to say: throughout the day, the public support for mr sunak among tory mps has continued to tick up. this minister reckons borisjohnson would be a guaranteed disaster. what we can't do is have him in as prime minister in circumstances where he is bound to implode, taking down the whole government with him, and we just can't do that again. but equally, i am not willing to lay down my integrity for borisjohnson, i am not. and we willjust have to see what any vote is, but really i want rishi to win. mr baker had backed the former home secretary suella braverman for the job in the summer. today, she bac

least 100 to progress to the next round — former chancellor rishi sunak leads with 146, former prime ministerjohnson has 57 and penny mordaunt leader and british prime minister, with senior cabinet ministers declaring support. former prime minister borisjohnson is reported to have asked fellow leadership hopeful penny mordaunt to drop out of the race and to back his campaign. she is said to have refused. she is still in the running despite sitting a distant third in declared mp nominations. she told the bbc she believes in cabinet led politics. president zelensky has condemned claims by russia's defence minister

and penny mordaunt standing at 23. so it is rishi sunakwho have officially declared. sonia sodha is the chief leader writer at the observer and joins us now. so we know the next name. it is no great surprise, but what does this now mean? ~ , ., , mean? well, it is the least surprising _ mean? well, it is the least surprising news _ mean? well, it is the least surprising news in - mean? well, it is the least surprising news in this - mean? well, it is the least. surprising news in this race, mean? well, it is the least - surprising news in this race, as you just said, because rishi sunak not only has the 100 mp5 he needs to go forward as a nominated candidate to be the next conservative leader and therefore prime minister of this country, he has got enough mps to make sure he is going to make it into the last two. so it's no surprise that he has declared. people were expecting it to happen at some point today. the key thing now that everyone is looking at is that we have got any more than declared, can she get to the 100? but the really sig

least 100 to progress to the next round — former chancellor rishi sunak leads with 146, former prime ministerjohnson has 57 and penny mordaunt just 24. rishi sunak officiallyjoins the race to be the next conservative leader and british prime minister, with senior cabinet ministers declaring support. former prime minister borisjohnson is reported to have asked fellow leadership hopeful penny mordaunt to drop out of the race and to back his campaign. she is said to have refused. she is still in the running despite sitting a distant third in declared mp nominations. she told the bbc she believes in cabinet led politics. president zelensky has condemned claims by russia's defence minister that kyiv was preparing to use a so—called dirty bomb in a false flag operation, and then try to blame it on moscow. the first birthday cards from king charles and the queen consort, camilla have been delivered to people across the uk celebrating their 100th and 105th birthdays. hello and welcome to bbc world news. in less than 2a hours, the process of electing a new leader of the governing conservative party will move up a gear, as the deadlin

the three most prominent contenders, penny mordaunt, rishi sunak and boris johnson. we understand borisjohnson is currently flying back from the dominican republic. what is your assessment of where we are, who do you think is going to win? well, i think it's going — think it's going to come down to rishi sunak and borisjohnson. a rather amusing plug in the bottom right—hand corner on the guardian's front page, beware, why getting back with an ex rarely works, a reference to boris johnson's with an ex rarely works, a reference to borisjohnson�*s possible return. a photo of him getting on the plane coming back from the dominican republic, where he has been on holiday. another holiday! anyway... the question is, can he get to 100 mps supporting him? rishi sunak is supposed to have already passed that. not unsurprising, obviously he has a lot of parliamentary support. a bit tougherfor has a lot of parliamentary support. a bit tougher for borisjohnson because he is very, very divisive, so there are those who think he still represents their best chance of the election when

summed up by one mp i spoke to this morning who said my head is with rishi sunak, my heart is with penny mordaunthe candidate is that gets it, whether rishi sunak who is correlated later today or whether penny mordaunt manages to squeak on the ballot paper, they will have ringing in their ears the sound of unhappy conservative mps. there is also two quite important meetings that have taken place today, they european research group and the one nation conservatives, neither of which have come out collectively to agree they will endorse either candidate. you can read that as either they couldn't agree who to endorse or it means they want to leave open the option that whoever gets it, they will have to swing their weight behind them. but still very difficult few weeks going forward and i'm sure that the first person who gets it will get a few weeks of relative calm and stability, but then questions will start to shutting setting about the longer term. start to shutting setting about the longer term-— start to shutting setting about the longer term. both those groups of mps, while _ longer term. both

borisjohnson drops out of the race to be tory leader and prime minister, leaving rishi sunak and penny mordaunt in the running. mrjohnson said he got the required nominations but says now is not the right time. rishi sunak is now the clear frontrunner. the latest twist in a week of many twists and turns has come in the last hour and it means we could have a new prime minister is soonest tomorrow. we'll be asking what is now more likely, a contest or a coronation? also on the programme... cementing his place at the top, china's president xi will have a third term in power, the first to do so xijinping has become the most powerful leader in china in decades, after being given a third term as leader of the communist party. hello and welcome to bbc world news. the uk is tonight guaranteed to have its third new prime minister in three months after borisjohnson declared, in the last hour, that he will not run, despite claiming to have had enough mps nominating him. it leaves the way clear for the former chancellor rishi sunak who today formally entered the contest, and who is presently the clear fron

this leaves two contenders — former chancellor rishi sunak and the leader of the house of commons, penny mordauntr sunak currently the front runner. by 2pm this afternoon if penny mordaunt hasn't got 100 backers or more, then rishi sunak is in post. if both candidates are still in play, then mps vote to state their preference. let's take a look at how the markets are trading today during asian time. we have the dollar versus again, i was hoping to show you the pound but the detail is not on that particular screen, when i looked at it months ago the pound was buying just over $1 13 cents, fairly steady versus the dollar and up slightly versus euro. joining me now is jane foley, head of fx strategy, rabobank. will be no by the end of the day who our prime ministers? if we do know by the end of the day that will be a relief to the markets, it is rishi sunak thatis the markets, it is rishi sunak that is a relief to the markets, there is some uncertainty about that we don't know how many votes penny mordaunt has got, the contest is still there, it does seem rishi sunak has quite a significant chance o

in the statements that have now come out from rishi sunak and penny mordaunt, perhaps, depending how you read them, hint that boris johnson may possibly be part of cabinet. so rishi sunak said he hope is that he continues to contribute to public life. penny mordaunt put out her own tweet in response so johnson's dropping out race. quote in taking this difficult decision boris johnson has put country before party and party before self. he worked to secure the mandate and the majority we now enjoy. we should put it to good use, and i know he will work with us to do so. so as i mentioned, if penny mordaunt gets to 100 mps, that means still this afternoon, all of the conservative mps in parliament will vote for their preferred leader. at that point if neither her nor sunak has dropped out of the race, this will go to a vote of the party membership online. if she fails to reach 100 votes, and you can bet she is trying hard to win over as many boris johnson voters as she possibly can at this moment, that theens am will effectively be a coronation for rishi sunak. >> i think for either candi

alternative, only one passes the threshold at the minute rishi sunak is over, so rishi sunak patches a threshold. if he scoops up many more votes and penny mordauntoesn't make 100 then there is no need to press forward with the rest of that process and rishi sunak tomorrow would be the winner. damien, thank you very much. i’m would be the winner. damien, thank you very much-— you very much. i'm delighted to say i'm delighted _ you very much. i'm delighted to say i'm delighted by _ you very much. i'm delighted to say i'm delighted by the _ you very much. i'm delighted to say i'm delighted by the chief _ you very much. i'm delighted to say i'm delighted by the chief financiall on one level, i find surprising. on one level, it's fascinating. it's very borisjohnson to hold the line like with the leadership bid which he never declared —— limelight. it attracted all the mainstream media, and since friday, he has hundreds of mps that supported him, enough to get on the balance sheet. he's claiming this wasn't enough to have a democratic mandate. but there will be suspicions. we don't know who the 100 to suppose that mp supporters are, and it's quite pos

, ifeel whether it is rishi sunak or it might be penny mordaunt, i feel —— whether hat is all from us at westminster but we are here for a good few hours yet, we'll see you later. the health and care system in england has been described by regulators as "gridlocked", with patients at risk because they can't get the assistance they need. the care quality commission says more than half of patients are unable to leave hospital when they are ready because of a lack of support in the community. ian trenholm is the chief executive of the care quality commission, hejoins us now. the situation has deteriorated significantly in the past year, why? i think what we are saying in our annual report that the system has become gridlock. people are unable to access care. we are finding they are stuck pig, people are stuck at home waiting for ambulances, there is endless as i stuck outside hospitals and people are stuck in hospitals, unable to go home, because i can't access the social care that they so desperately need in order to go home safely. and in addition, we have identified

two candidates have officially declared that they are running, rishi sunak and penny mordaunt. 180 out of 357 tory mps have told the bbc who they'll be supporting. 155 of them are backing rishi sunak, and 25 penny mordaunt. when borisjohnson dropped out of the running at nine o'clock last night, he said he had the backing of 102 mps — that support will now shift to the two remaining candidates. we remaining candidates. have also heard thatjerry w is we have also heard thatjerry wright is backing rishi sunak which will bump up his numbers. 0ur political correspondent, damian grammaticas, reports. reporter: are you ready - for the leadership, mr sunak? he's the man who could, by the end of the day, be prime minister. rishi sunak�*s team say they're taking nothing for granted. he will continue to canvass tory mps until nominations close at lunchtime. borisjohnson�*s bid for a comeback crumbled when it became clear too many of his own conservative mps were aghast at the idea he would return. in a statement last night, mrjohnson said... "i have sadly come to the conclusion this would

rishi sunak and penny— actually supported her. rishi sunak and penny mordaunte votes from mps than liz truss did~ so _ more votes from mps than liz truss did. so therefore she was going into the leadership knowing two thirds of her parliamentary party, if not more. — her parliamentary party, if not more. did _ her parliamentary party, if not more, did not support her. she has been _ more, did not support her. she has been put _ more, did not support her. she has been put in — more, did not support her. she has been put in office by about 80,000 members _ been put in office by about 80,000 members of the conservative party, as if she _ members of the conservative party, as if she didn't even get a unanimous vote from party members. i think there _ unanimous vote from party members. i think there are huge questions, i am sure the _ think there are huge questions, i am sure the conservative party are asking — sure the conservative party are asking themselves this, if they are going _ asking themselves this, if they are going to _ asking themselves this, if they ar

rishi sunak surpassing that figure. borisjohnson, who has yet to declare, has 55 backers. penny mordaunte has 23 mps backing her. if we enter monday, or rather we get to two o'clock on monday afternoon and those are the figures and they haven't changed, then rishi sunak will be prime minister. if either of the other two candidates either achieve the 100 or more, then the vote has to go to the membership across the country and we are likely to find out greater details of the final winner of the contesta come friday. monday is our first deadline, candidates needing at least 100 nominations. the new party leader and the prime minister will then be declared on friday, october then be declared on friday, october the 28th. but at the moment, the race as it stands looks like it is. the former chancellor, rishi sunak. joining me now, i've gotjames heal. he is the diary editor of the spectator and he is also co—writing out of the blue about liz truss. i suppose you have heard it all. that news must have come out of the blue to you. news must have come out of the blue to ou. �* . . news must have

local time if we have nominations in the race or if it is all roads to rishi sunak. >> arabile, take us through the context. penny mordaunt calls herself that fresh start liz truss was supposed to be that fresh start for the k conservative party rishi sunak was the chancellor of the excheqer. is this where they go back to boris johnson without boris johnson or looking for the fresh start that penny mordaunt is referencing in her tweets? >> reporter: it is a bit of a weird one. a weird conundrum in that regard some measures put in place on the economic front are some of the measures that rishi sunak has said should be put in place. liz truss put in measures that even rishi sunak would have probably said i told you so. he should not have put in place. those economic measures done away with and does point toward a rishi sunak kind of party and leadership on the other side, do you have the penny mordaunt stance where it is a firm and fresh start, if you want to call it that, as well on the economic front, it does look to be pointing to rishi sunak. penny mordaunt has not written herself off and not conceded anything yet the f

this unity— this position again, which is why this unity ticket of rishi sunak and penny— this unity ticket of rishi sunak and penny mordauntsome members of. �* ., ., ., ., ., members of. before we go on, another blow, it looks. — members of. before we go on, another blow, it looks, has— members of. before we go on, another blow, it looks, has been _ members of. before we go on, another blow, it looks, has been dealt - members of. before we go on, another blow, it looks, has been dealt to - blow, it looks, has been dealt to liz truss internationally by president biden. it has been reported by the reuters news agency that he was not the only one who thought the uk prime minister's original economic plan was a mistake, so i am just going to repeat that for our fevers. it has been reported by reuters that america's presidentjoe biden has said that he was not the only one thought that my minister prime minister truss's plan was a mystical stub there is no coming back from that, —— a mistake... if there is no coming back from that, -- a mistake...— -- a mistake... if feels like there is really nowhere _ -- a mistake... if feels

penny mordaunt the greater _ making decisions. we know penny mordaunt the greater intention . making decisions. we know penny mordaunt the greater intention to | mordaunt the greater intention to run on friday, rishi sunakntention this morning. do you know why we are still waiting for boris johnson to declare? we why we are still waiting for boris johnson to declare?— why we are still waiting for boris johnson to declare? we do not. this rocess johnson to declare? we do not. this process has — johnson to declare? we do not. this process has been _ johnson to declare? we do not. this process has been done _ johnson to declare? we do not. this process has been done very - johnson to declare? we do not. this process has been done very much i process has been done very much behind closed doors, and this is all about the private conversations that candidates are having with mps about the meetings they are having with mps, so we do not know why mr johnson has not come out and said he will or will not run. his allies are saying that clearly they are expecting him to stand, they insist they have the numbers, as public backers are about half what he would need, but insist there are others who have not been named

needs to get behind whoever wins, so in that spirit, tell us what you think the merits of penny mordaunt or rishi sunako think we're talking about unifying the party and borisjohnson were to do the party good. —— chancellor of the exchequer. i think that would calm nerves across the market and the country and if rishi was to win, i think he would see the same thing happen. he would like to quote a broad consensus across the party because whoever wins, that is exactly what needs to happen. it would be like groundhog day to many people. just finally, when it comes to the levelling up agenda, that was a very big plank of borisjohnson's time as prime minister. how is that going to be afforded now in the economic picture is so different? it is another reason why i think boris johnson is the right person for the job, because he was the one who set the agenda for levelling up. he is the agenda for levelling up. he is the one who is notjust talked about living on levelling up, in places like teesside he started to deliver it. i like teesside he started to deliver it. ., like teesside he started to deliver it.

nominations close on monday afternoon, with former chancellor rishi sunak and cabinet minister penny mordaunthe only declared candidates. our political editor, chris mason, has been following the day's developments. are you running for the leadership, mr sunak? could september's loser be october's prime minister? rishi sunak is a step closer to downing street tonight, beaten by liz truss just weeks ago, he could replace her as soon as tomorrow. declaring his candidacy today, he wrote: he also felt the need to say: throughout the day, the public support for mr sunak among tory mps has continued to tick up. this minister reckons borisjohnson would be a guaranteed disaster. what we can't do is have him in as prime minister in circumstances where he is bound to implode, taking down the whole government with him, and we just can't do that again. but equally, i am not willing to lay down my integrity for borisjohnson, i am not. and we willjust have to see what any vote is, but really i want rishi to win. mr baker bercow had backed the former home secretary suella braverman for the job in the summer

two — borisjohnson drops out of the race to be tory leader and prime minister — leaving rishi sunak and penny mordauntthe running. the former chancellor is now the clear frontrunner , we'll be asking what is now more likely — a contest — or a coronation? cementing his place at the top — china's president xi will have a third term in power — the first to do so since chairman mao. and one of brazil's most prominent indigenous leaders warns that there'll be further damage to the amazon rainforest, if president bolsonaro is re—elected. live from our studio in singapore — this is bbc news. it's newsday. it's 7am in singapore, and 12am in london — where the former uk prime minister, borisjohnson, has said he won't stand in the race to replace liz truss next week. he insisted he had enough support among mps, but said that putting himself forward was not the right thing to deal. nominations close on monday afternoon with a former chancellor, rishi sunak and cabinet minister penny moudant the only declared candidates. are you running for the leadership, mr sunak? could september's loser be october's prime mini

rishi sunak wants to reach. at the same time, penny mordaunt, who did not stand, did not stand aside in the contest, did not do any she stays in the 'ob., , ., has not got a promotion, she stays in the 'ob., , . , in the 'ob. just hearing melts right has in the job. just hearing melts right has not in the job. just hearing melts right has got work _ in the job. just hearing melts right has got work and _ in the job. just hearing melts right has got work and pensions - in the job. just hearing melts right has got work and pensions. - in the job. just hearing melts right has got work and pensions. that i in the job. just hearing melts right| has got work and pensions. that is in the job. just hearing melts right i has got work and pensions. that is a big job. 50 has got work and pensions. that is a bi “ob. . has got work and pensions. that is a bi 'ob. ., , , has got work and pensions. that is a bi “ob. . , , ., big job. so that brings them into the heart of _ big job. so that brings them into the heart of where _ big job. so that brings them into the heart of where the _ big job. so that brings them into the heart

nobody has announced their intention to run yet, but penny mordaunt and rishi sunak are seen as contendersorisjohnson are urging him to stand. let's take a look at how the contest will work. conservative mps have until monday to nominate their preferred candidate. each candidate needs at least 100 nominations — if only one candidate achieves that, they'll be declared prime minister on monday afternoon. if more than one candidate gets at least 100 nominations, then there'll be a vote by conservative mps. depending on the result of that, the final decision could be made by tory party members voting online. one thing we know for sure is the latest date for the next prime minister to be announced will be next friday. this report from our political correspondent, ione wells. the shortest serving prime minister in british history. her position and salvageable. we in british history. her position and salvageable-_ in british history. her position and salvaueable. ~ , ., ., , ., ., salvageable. we set out a vision for a low tax, salvageable. we set out a vision for a low tax. high _ salvageable. w

penny mordaunt this morning. she was pushed on a number of issues. did we learn anything in terms of policy because with rishi sunakrmance within government. is that going to work against her? penny mordaunt is untested in a lot of areas. she has held cabinetjobs. not for very long at all. she is currently leader of the house of, international trade secretary, and somebody who is judged to international trade secretary, and somebody who isjudged to have international trade secretary, and somebody who is judged to have good communication skills, and effective performer in parliament, clearly has an appeal within the party, at one criticism as you suggest that comes her way is that people don't really know what she stands for. she has not set out in broad terms the direction she would take the party, what she would do in various other policy areas. we did not learn very much at all if anything new from her interview with laura kuenssberg on the bbc this morning about what she would do if she was in power.— she was in power. let's remind viewers who — she was in power. let's remind viewers who have _ she was in power.

penny mordaunt is out. rishi sunak is therefore elected as leader. day in, day out, - to deliver for the british people. it's our old friend, the lectern. i believe in the british people, and i know that brighter days lie ahead. thank you. we can'tjust keep doling out prime ministers every month. _ i will unite our country. he is prime minister. his task is colossal. rishi sunak is nowl the prime minister. go figure. there's a lot for rishi sunak to think about — party management, his mandate. and above all, there's this. right now, our country is facing a profound economic crisis. that crisis is in part because of liz truss's decisions. and this is how the new prime minister is plotting a way out of it. i will place economic stability and confidence at the heart of this government's agenda. in other words — doing everything possible to reassure the financial markets. the same markets which stopped liz truss. if that's one objective, we've heard others, too. a stronger nhs, better schools, safer streets. that all costs money — at a time when the gove

rishi sunak and they would take penny mordaunt. they were not totally freak out over oris johnson or possibly one or two of the other right-wing candidates. who might want to make a run because there is so little opportunity for them to do something stupid after the events of the last month. jeremy hunt is in charge. the bank of england said about as clearly as central bank ever does that the market has got its estimates for interest rates to high. the markets are markedly calm about an extraordinarily chaotic political situation and i think that's the sort of sanguine judgment they are making. shery: do you want to take a moment to reflect over what has happened? i feel like i'm asking you what's the market favorite and we have been talking about this for the past few weeks. it seems to be nonstop. tell us about the market reaction but also taking everything into context, what are the key things we should be watching out for? we are getting confused. >> in terms of what lessons we have learned from this, to quote margaret thatcher

but that doesn't necessarily mean that the political chaos is over even if it's penny mordaunt or rishi sunak to go forward. especially in rishi sunak's case. many hold him responsible for boris johnson's demise when he decided to quit back in december. is he going to be what the tory party needs or is that indicative of the fact he is going to be able to do that? >> sunak certainly has plurality support among the party. he's the most favorite candidate, but there's still a section of the party which do not want to which will not be happy about this. it is significant that people who won might have expected today back johnson, which suggests there was some momentum in sunak's direction. however, one point is that sunak is the potential leader who was rejected by the conservative leadership. more than a month ago sunak was involved in the downfall of johnson. he has baggage. he was found to have broken the law over lockdowns just as johnson was, which is something thought being talked about much now. and there was a lot of scrutiny of his financial affairs. nothing actually found actually wron

rishi sunak has 97, borisjohnson 45 and penny mordaunt 21.s worth pointing out that these are the numbers the bbc can verify — others may have different information. mps will vote on monday for their preferred candidate. if more than one reaches the magic number of 100, conservative members will have the final say. jonathan blake reports. three potential contenders to become the next prime minister and replace liz truss in number 10. hasta la visa, baby! the big question is whether boris johnson will attempt a comeback. the former prime minister flew home from holiday in the caribbean overnight. despite being forced out after a series of scandals, his supporters claim he's ready to return to number 10. i think if borisjohnson makes the members�* ballot he would certainly win, and that's certainly the message that i've been getting. of course, he is the only one that had a mandate, that 80—seat majority at the election. he's had a mandate of being elected by the party members before as well. and of course he's proven he's a winner. the frontru

penny mordaunt is a very able person but i think it is good that rishi sunak, who i don't know or don'trce _ candidate. briefly, finally, how unifying force is _ candidate. briefly, finally, how unifying force is rishi - candidate. briefly, finally, how unifying force is rishi sunak. candidate. briefly, finally, how. unifying force is rishi sunak going to be, given that some people might have forgiven him for the fact that he was one of the senior resignations that helped bring down borisjohnson in the summer? your boris johnson in the summer? your cuess boris johnson in the summer? your ruess is boris johnson in the summer? your guess is as — boris johnson in the summer? your guess is as good — boris johnson in the summer? your guess is as good as _ boris johnson in the summer? your guess is as good as mine, - borisjohnson in the summer? gm;- guess is as good as mine, i'm afraid. this party needs to unify very quickly, it needs to remind itself of its response abilities and concentrate on the main prize, and the main prizes governing the country for the benefit of its citizens, rathert

senior conservatives are holding talks about replacing liz truss with a joint ticket of rishi sunak and penny mordaunts part of a "coronation" by mps. while the daily mail spells it out in more stark terms — as they claim "mutinous" conservative mps have given liz truss 17 days to save herjob. the financial times suggests liz truss is preparing to rip up the government's controversial mini—budget in a desperate attempt to rebuild market confidence and save her embryonic premiership. the i says any major u—turn could cast doubt on the chancellor's future — as he faces questions over his credibility. the daily telegraph has kwasi kwarteng insisting he's "not going anywhere." according to the guardian — liz truss has bowed to intense pressure from tory mps and the markets by agreeing to redraw the government's mini budget, paving the way for a u—turn on her signature corporation tax pledge. meanwhile, away from politics, the metro reports on the latest evidence in the trial of a nurse accused of murdering seven babies. and the sun says the ref who didn't spot diego maradonna's infamous hand—ball goal aga

then the likes of rishi sunak, we might hear from penny— of rishi sunak, we might hear from penny mordaunte. the plates will need perhaps compared with how the contest _ need perhaps compared with how the contest played out last time. not least _ contest played out last time. not least because there will be a different platter of candidates. that will — different platter of candidates. that will not be liz truss on that list _ that will not be liz truss on that list we — that will not be liz truss on that list we are _ that will not be liz truss on that list. we are already seeing spreadsheet circulating. all of the wannabes have that magic number, magic— wannabes have that magic number, magic number of100. it wannabes have that magic number, magic number of 100. it is a high bar, _ magic number of 100. it is a high bar. the— magic number of 100. it is a high bar, the numberof magic number of 100. it is a high bar, the number of mps they need to si-n bar, the number of mps they need to sign up _ bar, the number of mps they need to sign up by— bar, the number of mps they need to sign up by

you have rishi sunak who has a large body of support obviously, but many of the borisjohnson supporters do not favour rishi sunak. so penny mordauntosition herself in the middle and drop prep support for the borisjohnson side before he has even been tempted to declare. so already up and running and this will shape the dynamics of the race. fine shape the dynamics of the race. one or two saying — shape the dynamics of the race. one or two saying early on that they are not interested in standing amongst them the defence secretary ben wallace. �* ~ ., them the defence secretary ben wallace. �* ~ ., ., them the defence secretary ben wallace. �* ., , wallace. ben wallace was of course back in the summer _ wallace. ben wallace was of course back in the summer and _ wallace. ben wallace was of course back in the summer and again - wallace. ben wallace was of course back in the summer and again nowl back in the summer and again now being taught that duly make about as a potential candidate. he chose not to stand again today you have to really want to be the job to be prime minister and he clearly doesn't. so he was asked who would he might

there we are, confirmation, what we already knew, because penny mordaunt had dropped out of the race at the last moment. rishi sunak united kingdom. so what was originally a three horse race, with borisjohnson and penny mordaunt, ended up as a one—horse race because borisjohnson pulled out last night and then penny mordauntjust a a few moments before that announcement of nominations at 2.00, she pulled out as well because she was well short of the 100 minimum that she required. so let's go back to chris mason, our political editor. we have seen some extraordinary moments in the last few weeks in british politics and i suppose none more extraordinary than this in the sense that rishi sunak lost the contest to liz truss. he could have barely dreamt at that stage, that moment of defeat, that just a few weeks later he would be replacing her as tory party leader and british prime minister. it is tuite and british prime minister. it 3 quite astonishing, isn't it? the guy who was defeated by the current prime minister is replacing her a matter of weeks after she took office. that will take place in the next 24—hour is. ri

you will have heard the rumours about a possible double act of rishi sunak and penny mordaunt, who couldo it? there is no one figure that can unite them, _ do it? there is no one figure that can unite them, what _ do it? there is no one figure that can unite them, what can - do it? there is no one figure that can unite them, what can unite l do it? there is no one figure that - can unite them, what can unite them is the fear of a wipe—out at the next election, that is the uniting thing. 0bviously you've got rishi sunak, penny mordaunt, you've even gotjeremy hunt in there. a combination of those three is an alternative to liz truss that people are going to be exploring. but there is no single figure that can get them easily out of this. the chinese president, xijinping, has said beijing would not renounce the right to use force in order to take control of taiwan, which beijing considers part of china. in his opening address to the communist party congress — president xi also stressed the need for continued economic development despite signalling that there won't be an easing of his zero—c

tte: when the members vote for penny mordaunt, the parliamentary party will give rishi sunak an enormous her and the question is whether he will be crowned without it going to the members and if question is where does his legitimacy come from because ultimately you will have been voted on by the parliamentary party, they made it clear last time they wanted him, and the members made it clear they didn't. so he doesn't have a mandate to lead the party from the members of the party from the members of the party, is going to seat a mandate from the country, the answer is, no he's not, we will his legitimacy come from? simply from the mps at parliament. simply from the mp5 at parliament.— simply from the mp5 at parliament. �* . , parliament. and that is the oint parliament. and that is the point penny _ parliament. and that is the point penny mordaunt - parliament. and that is the point penny mordaunt hasl parliament. and that is the - point penny mordaunt has been making, especially yesterday morning, we watched her interviewed on the sunday morning programme, she was sort of stating i'm the

you can see that in some, nations, penny mordaunt— that in some, nations, penny mordaunt and rishi sunakdropping out. really interesting to talk to you, chris smyth, - dropping out. really interesting to talk to you, chris smyth, an - talk to you, chris smyth, an interesting few days, christian, to watch the machinations as potential candidates try to gather voters behind them, 100 mp5 to get through onto the ballot paper. it is a high threshold sergei brady set in order to make sure really only serious candidates get to that point, but that question that i put to chris smyth, what if he goes to the wider member ship and they choose someone the parliamentary party does not actually want? could we be in another cycle, just as we have seen the last few weeks with the liz truss premiership? it is the last few weeks with the liz truss premiership?— the last few weeks with the liz truss premiership? it is a really aood truss premiership? it is a really good point _ truss premiership? it is a really good point you're _ truss premiership? it is a really good point you're making, - truss premier

rishi sunak. �* , , . h, sunak. it's interesting that both penny mordaunt _ sunak.ny mordaunt and _ sunak. it's interesting that both penny mordaunt and boris - sunak. it's interesting that both i penny mordaunt and boris johnson sunak. it's interesting that both - penny mordaunt and boris johnson is penny mordaunt and borisjohnson is camps are saying that we asked for their votes rather than them asking for us. they are still at least in the fight. for us. they are still at least in the fiuht. , w for us. they are still at least in the fiuht. , , ., for us. they are still at least in the fight-— for us. they are still at least in thefiht. ., ., . the fight. jostling for position and the fight. jostling for position and the are the fight. jostling for position and they are adamant _ the fight. jostling for position and they are adamant they _ the fight. jostling for position and they are adamant they have - the fight. jostling for position and they are adamant they have the l they are adamant they have the numbers now. they do have 100 plus mps ready to go and nomin