UK Tories Seek Quick Fix to Truss Chaos as Party Faces Wipeout

  • Leadership contest aimed at ensuring winner has broad support
  • But factions could surprise and Johnson backers eye comeback
WATCH: The PM race will most likely be a runoff between Johnson and Sunak, according to former government adviser Alex Dawson.Source: Bloomberg
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The Conservative Party is desperate to draw a line under Liz Truss’s disastrous premiership, with a rapid leadership contest aimed at trying to give the winner a shot at overturning an unprecedented deficit in the polls.

Under rules announced Thursday, a maximum of three Tory MPs will be able to run. The next leader could be decided as soon as Monday, because once the field has been whittled down to two, the candidate with the least support will likely face overwhelming pressure to withdraw rather than give grassroots party members -- who opted for Truss last time -- the final say.