Boris Johnson has pulled out of the Conservative leadership race.
His withdrawal leaves the path open for Rishi Sunak, who has a chance of picking up the keys to Downing Street as early as today.
The former prime minister had the public backing of 59 Tory MPs – far short of the 100 required to be included on the ballot.
Mr Sunak has more than 150 backers, a significant lead over Penny Mordaunt, who has 25.
If both of them secure support from at least 100 MPs by this afternoon, Conservative Party members will have the chance to vote for their preferred candidate.
We’ll find out at 2pm who has made it on to the ballot – and if Mr Sunak is the only one to reach this threshold, he will automatically become the UK’s third prime minister this year.