The U.K. Conservative Party will announce a successor to Prime Minister David Cameron by Sept. 2, party managers said as the contest started to choose a leader to guide Britain through its exit from the European Union.
Nominations for a new leader will open on Wednesday and close at noon on Thursday, Graham Brady, chairman of the Tory lawmakers’ administrative panel, known as the 1922 committee, told reporters in London on Monday. If there’s only one candidate, the new prime minister will be known immediately, he said.
If there are two candidates, they’ll be put to a vote of party members. If there are more, House of Commons lawmakers will whittle the contestants down to two, and then put the names to the wider party in a national ballot.