Coffee House

Britain's next Prime Minister will be either Rishi Sunak or Liz Truss. Refresh this page for the latest developments. 4.45 p.m. – Truss vs Sunak will be a philosophical war Kate Andrews writes... The Tory grassroots have got themselves a real economic debate this summer: Rishi Sunak’s ‘Thatcherite’ economic philosophy vs Liz Truss’s ‘Reaganite’ plans to boost growth. Both will have questions to answer. While Sunak’s line that ‘nothing comes for free’ is bound to resonate with Tory members, the tax burden has risen to a 72-year-high under his watch, as well as the introduction of a windfall tax on oil and gas companies that is very hard to explain within Conservative ideology.

Kemi Badenoch has been eliminated from the Tory leadership contest. Rishi Sunak came first with 118 Tory MPs backing him; Penny Mordaunt was second on 92; Liz Truss came third on 86. Badenoch was supported by 59 MPs. Refresh this page to read the latest: 5.15 p.m. Where will Kemi's supporters go now? Now that Kemi Badenoch has been eliminated from the Tory leadership race, the big question is who will her supporters back? Leo Docherty's endorsement of Liz Truss suggests that at least some of Kemi's supporters will opt for Truss over the other leadership contenders: https://twitter.com/LeoDochertyUK/status/1549403783280607232?ref_src=twsrc%5Etfw 4.20 p.m. Kemi says thanks https://twitter.com/KemiBadenoch/status/1549406569120645122?

Good evening. The second Conservative leadership debate between Rishi Sunak, Liz Truss, Penny Mordaunt, Kemi Badenoch and Tom Tugendhat has just finished. Below is the full live analysis (please reload the page to get updates): 10.00 p.m. Coffee House Shots 9.00 p.m. Snap poll: the verdict Katy Balls writes... The snap poll verdict is in – and this time it is Rishi Sunak out on top, with Tom Tugendhat in second place. This will help Sunak’s team with the second stage of their campaign which is to convince MPs he is best placed to win an election. As for the others, the poll is good news for Liz Truss. She is only in fourth place but is an improvement on Friday and crucially her current rival for the votes on the right, Kemi Badenoch, is behind her in fifth place.

On Friday night the Tory leadership candidates faced-off in the first televised debate of the contest, hosted on Channel 4. The five contenders – Rishi Sunak, Penny Mordaunt, Liz Truss, Kemi Badenoch and Tom Tugendhat – set out their stalls on trust in politics, tax cuts and the NHS ahead of the next round of voting on Monday. A snap poll carried out by Opinion after the debate put Tom Tugendhat in first place, followed by Rishi Sunak, and then Penny Mordaunt and Kemi Badenoch. Liz Truss came in last.  Follow the debate as it happened below:  9.21pm – Sunak’s second place will calm nerves Katy Balls writes... The snap poll from tonight’s debate puts Tom Tugendhat ahead with Rishi Sunak in second place.

The Tory leadership race is getting increasingly crowded: a dozen candidates are now bidding for the top job. Rishi Sunak remains the front runner, but can he hold off challenges from fellow favourites Liz Truss and Penny Mordaunt? Around half of Tory MPs have nailed their colours to the mast; you can read the exhaustive list of who’s backing who here. Meanwhile, here’s a rundown of the main developments: Liz Truss launched her leadership bid last night, promising to ‘start cutting taxes from day one’ in an article for the Daily Telegraph today. Michael Gove endorsed Kemi Badenoch. Her odds of winning went from 80/1 on Thursday to 10/1 this morning. The 1922 executive elections are to be held this afternoon.

It's day three of the Tory leadership race. As things stand there are nine declared candidates: Rishi Sunak, Nadhim Zahawi, Kemi Badenoch, Suella Braverman, Sajid Javid, Tom Tugendhat, Jeremy Hunt, Grant Shapps and Penny Mordaunt. All eyes are on Liz Truss to see whether she will choose to launch today or tomorrow, ahead of the crucial Monday meeting of Tory MPs. Thus far a quarter of Tory MPs have made endorsements with more than 100 going public, according to our Coffee House list here. Keep track of the latest developments below: 6.30 p.m. – Zahawi kicks back at tax 'smears' Chancellor Nadhim Zahawi has called stories about his finances 'inaccurate, unfair' and 'clearly smears'.

Nadhim Zahawi, Sajid Javid and Jeremy Hunt have declared their candidacy this evening. Ben Wallace, who had topped the poll among Tory activists, has announced that he won't be standing in the Tory leadership race. Rishi Sunak is now leading the field in both MPs' endorsement – he has 24 – and bookmaker's odds (below). Sajid Javid has announced his candidacy and Liz Truss will on Monday. Trade secretary Anne-Marie Trevelyan is backing Tom Tugendhat and Justin Tomlinson has quit as deputy chairman to support Kemi Badenoch. Keep track of the latest developments below:10:10 p.m. Sajid Javid declares his candidacy in Sunday Telegraph interview  Fraser Nelson writes... 'We cannot afford not to have tax cuts,' he says (a dividing line with Sunak).

Boris Johnson has announced his resignation but insisted he will stay on as Prime Minister until a new leader is appointed. Speaking on the steps of No. 10 this afternoon, Boris said he was 'immensely proud' of his achievements in office'. The PM's decision to step down came after over 50 of his ministers resigned and Nadhim Zahawi, who was appointed Chancellor on Tuesday, publicly said he should go. 2.15 p.m. – History won't look kindly on Boris James Kirkup writes... 'Them’s the breaks'. Those three words speak volumes about Boris Johnson’s ability, his character and his fears, says James Kirkup. Read the rest of the article here. 1.30 p.m – Is Boris like Trump? Freddy Gray writes...

Graham Brady, the chair of the Tory backbench 1922 committee, has announced that Boris Johnson will face a confidence vote at 6 p.m. this evening. He told the Prime Minister yesterday that the required 54 letters had been received and that would face a vote imminently. Voting for Conservative MPs finishes at 8 p.m. and we can expect the result to be announced later this evening. Johnson will need the backing of 180 MPs to remain leader of the Conservative party. A statement from Number 10 said:  'The PM welcomes the opportunity to make his case to MPs and will remind them that when they are united and focussed on the issues that matter to voters there is no more formidable political force.' MPs who have publicly backed the PM: 1.