Sir Graham Brady, the chairman of the Conservative backbench 1922 committee, has stated that candidates to replace the outgoing Prime Minister will need at least 100 nominations from fellow MPs to advance in the election, with nominations due by 14.00 on Monday. Candidates in the previous leadership election had to receive a minimum of 20 nominations. According to the new rules, only three candidates will be allowed to run, and only one hustings event will be held. Here are some possible candidates: Sunak Rishi According to MP Richard Holden, who represents North West Durham, Mr Sunak will “certainly” run for leader again. In the recent leadership election, the former chancellor and defeated leadership candidate was the favourite among MPs. Truss’ fiscal reversal on one of the most significant tax cuts announced by sacked chancellor Kwasi Kwarteng effectively meant that the current government chose to stick with Sunak’s plans. The tax cuts would have nullified Sunak’s plan to raise the corporation tax rate from 19% to 25% in April of next year. Sunak gains the advantage of being perceived as a safe pair of fiscal hands as a result of Truss’ reversal. However, he is unpopular with some Conservatives on the right of the party, who see him as crucial in deposing Boris Johnson and others as enacting massive spending plans at odds with typical Conservative economics. Penelope Mordaunt According to reports, some MPs were considering putting 1 and Penny Mordaunt on a joint ticket to lead a new administration. In third place in the Conservative leadership election, the former defence secretary is a favourite among Tory MPs as well as a betting favourite. Crispin Blunt, a Tory MP who publicly called on the Prime Minister to resign, suggested a leadership team centred on Rishi Sunak, Penny Mordaunt, and Jeremy Hunt. Penny Mordaunt, the new Leader of the House of 123 carrying migrants was her “dream” and “obsession.” She also ran in the leadership election and, despite being eliminated in the second round, won the support of key MP Steve Baker, who is influential on the party’s right.
