Rishi Sunak announced his intention to step back as Tory leader after election loss (Image: Getty) The new leader of the Conservative Party is expected to be announced on November 2, reports have suggested. The Tory leadership race to replace former Prime Minister Rishi Sunak could last for nearly four months, reports last night suggested. The 1922 committee of senior MPs discussed a contest that will see the final four candidates take to the stage at Tory Party conference in September as part of “beauty parade”.

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.. Fury erupts over Labour 'amnesty' for 90,000 illegal migrants [LATEST] They will then be whittled down to the final two on October 10, before ballots are sent out to members across the country As many as eight candidates are expe.