The Conservative Party of Britain announced on Monday that it will reveal its new leader on November 2, a decision made in the wake of the party's most severe electoral defeat this month. This outcome led former Prime Minister Rishi Sunak to declare his intention to resign. According to a party statement, Sunak will continue to serve as the interim leader until a replacement is chosen.
The leadership race will initially reduce the number of contenders to four, who will present their platforms at the Conservative Party conference. This group will then be further reduced to two finalists, from whom the party members will select the new leader. The Times, which broke the news of the contest, reported that as many as eight candidates might enter the race. Sunak's campaign concluded unsuccessfully on July 4 when the centre-left Labour Party, under Keir Starmer, secured a decisive win, marking the end of 14 years of Conservative governance. In his farewell address outside the prime minister's residence at Downing Street, Sunak confirmed his resignation as party leader once the transition process to his successor is completed.
