The popular vote was won by home secretary Liz Truss with 57% of the vote with a share of 80,326 votes, while former chancellor Rishi Sunak took 43% at 60,345 votes.

In a short speech before MPs, Truss promised to govern as a Conservative for the next two years, prioritising cutting taxes and dealing with the energy crisis, long term energy supply issues, and National Health Service.

In earlier interviews, Truss said that she would set out her economic plans within the next week to address the energy crisis and cost of living issues.

The official handover will take place at Balmoral when the Queen invites Truss to form the new government following the resignation of Boris Johnson.