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Next week the country will see a new Prime Minister replace Theresa May with Boris Johnson widely expected to be her successor.
Britain will know who will be the new PM by Tuesday after votes are counted.
The party’s 160,000 members have until Monday to cast their votes between frontrunner Boris Johnson and Foreign Secretary Jeremy Hunt.
Following a month-long contest, the votes will be counted on Tuesday, with Theresa May to take part in her final Prime Minister’s Questions on Wednesday before meeting the Queen where she will formally stand down.
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Philip Hammond confirmed earlier today he would he would step down as Chancellor if Boris Johnson became the next PM.
He said he would have no choice but to leave his post and return to the backbenches, as he cannot sign up to support Mr Johnson’s stance on accepting a no-deal Brexit.
The week ahead
Here’s what the next week looks like.
Monday
Voting closes at 5pm on Monday, with Conservative Party members having had two weeks to cast their vote.
The candidate who receives over 50 per cent of the vote will be the new Prime Minister.
Tuesday
The winner of the leadership contest will be revealed at some point on Tuesday.
The result is expected to be announced before midday, however Tory chiefs have not yet confirmed when or where the announcement will be made.
Wednesday
Theresa May will make her final speech as Prime Minister in the House of Commons and will take part in her last Prime Minister’s Questions.
She will then visit the Queen at Buckingham Palace to resign as Prime Minister.
The new leader will then take up the post, one day before the summer recess begins on Thursday
