Latest: Zahawi, Javid & Hunt declare, Wallace out

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). ‘You can’t have growth until you’ve got the tax cuts’. He’s mulling a ‘significant’ cut in fuel duty. ‘The long way out of this, the better way, is to turbo growth. I’ve always believed in free markets, in low taxation, in light regulation, as the conditions that are necessary for growth.