Isabel Hardman Isabel Hardman

New Tory leader in place by 2 September

Senior Tories have decided that their new party leader will be confirmed by 2 September, which means that the timetable for the leadership contest will be very short indeed. The decision was taken for a short, sharp battle so that there was as little uncertainty about the government as possible.

This means that nominations for the race will close at noon on Thursday, which gives the candidates very little time to get their bids together. Votes will take place every Tuesday and Thursday until the party produces the two candidates that will be taken to the party membership, which means that Conservatives will be voting on who their new Prime Minister is from their yachts in the Mediterranean.

This short timetable may be a way of reassuring the markets, but it also favours the frontrunner, who is Boris Johnson. But beware the effect of a summer leadership contest: Labour’s one took place in the heady summer days of 2015, and look what that produced.

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