• Andrea Leadsom: Quits the leadership race. Theresa May is the new Prime Minister.

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    A sensible and measured announcement from Leadsom ends the uncertainty and clears the way for Theresa May to become Prime Minister.

    Mrs Leadsom’s statement: “The interests of our country are best served by the immediate appointment of a strong and well-supported Prime Minister,” she said in a letter to 1922 Committee chairman Graham Brady. “I am therefore withdrawing from the leadership election and I wish Theresa May the very greatest success. I assure her of my full support”.

    Mr Brady is to consult with the party’s executive board before formally confirming Mrs Theresa May as the new leader.