The new Prime Minister of the United Kingdom (UK) replacing incumbent Boris Johnson will be announced on September 5, said Graham Brady, chairman of the Conservative Party's backbench 1922 Committee, on Monday.
Brady said the 1922 Committee, which runs the Tory leadership contest, has decided that the candidates will have to get the backing of 20 members of Parliament (MPs) when nominations open and close on Tuesday. The threshold is markedly higher than the required backing of eight MPs seen in the party's usual rules.
The first round of voting among Tory MPs will be held on Wednesday, he said, adding that the contenders will need to receive 30 votes each to enter the second ballot which is to be held on Thursday.