Boris Johnson has dramatically pulled out of the Tory leadership race stating that "it is not the right thing to do." His decision late on leaves the path open for Rishi Sunak, his former Chancellor, who was instrumental in deposing him in July.

Mr Sunak now has almost a majority of Tory MPs nominating him although rival Penny Mordaunt is still officially in the race.

It is understood that the ex-Chancellor, who managed to get significant support from MPs on both the left and right of the party will be named as the new Prime minister at 2pm tomorrow.
https://www.express.co.uk/news/politics/1686768/boris-johnson-prime-minister-rishi-sunak-tory-leadership-update