What happens next after Rishi Sunak named new Prime Minister – from moving into No10 to meeting King Charles

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Conservative Party leadership candidate Rishi Sunak leaves the campaign office in London, Monday, Oct. 24, 2022. Former British Treasury chief Rishi Sunak is frontrunner in the Conservative Party's race to replace Liz Truss as prime minister. (AP Photo/Aberto Pezzali)

RISHI Sunak has won the Tory leadership election, meaning he will soon become the next Prime Minister.

After Penny Mordaunt failed to get 100 MP backers, it meant he was the only one to meet the threshold to stand in the leadership race, and last one standing.

Rishi Sunak will be the next PM in a matter of hours

A super speedy contest after Liz Truss resigned last week means he will take over from her in just hours.

Here’s what we expect to happen in the coming hours and days – as the former Chancellor gets the top political job.

Rishi address

The new Tory leader and PM to be will address the party at 14.30 today in Parliament.

He’ll thank supporters and vow to come together and unite the party for the good for the country.

Liz Truss formally resigns

As Ms Truss is still the PM constitutionally, she will have to formally resign first.

The King is understood to be coming back to London from Sandringham on Monday evening – which means the swap will likely take place on Tuesday morning.

Resignation statement

The outgoing PM may choose to make a brief statement outside No10 as she leaves there for the final time.

The twirly podium will come out for the final time with Ms Truss as she says goodbye to the nation and sums up her short time in office.

Liz Truss is set to make another resignation statement outside No10

Meeting the King

After Ms Truss formally stands down, Rishi will then be invited to the Palace by the King to form a new government.

They will pose for a picture, and the entrance may be captured on camera as Charles has been keen to do lately.

The pair will then have a short chat before the new PM returns to No10 formally as PM.

Liz will meet the King before handing over to the new PM , who will also go to the Palace to meet him

Going into No10

Usually, new PMs pose for a pic outside the famous No10 door on the way in.

Rishi’s wife Akshata Murthy and their two daughters may join them too for a smile and a wave for the cameras.

The pair will enter Downing Street and be welcomed by an entourage of staff and officials, ready to show them around.

Everything from the last administration will have been swiftly cleared out by civil servants, beavering away behind the scenes.

First speech

It’s likely the new PM, who has said very little aside from announcing he will stand, will want to address the country for the first time from No10.

He will probably do a short speech outside Downing Street in a bid to reassure the nation after a chaotic and tumultuous time in Westminster.

Cabinet reshuffle

Then, it will be straight to work for Mr Sunak and his top team.

He will have a string of officials and staff ready and waiting to enter No10 with him.

Together they will get to work on appointing his top Cabinet team – likely to be a combination of staunch allies and some Boris and Penny backers in a bid to try and unite the party.

PMQs

Rishi will likely take his first PMQs session in the House of Commons on Wednesday.

Ms Truss had expected to do so, meaning she won’t get the chance to have her last session and wave goodbye to MPs.

It means the new PM will have very little time to prepare to go up against Sir Keir Starmer.

Mini-Budget?

One of the first decisions the new PM will have to contend with is whether to go ahead with the 31 October statement.

No10 said earlier that they were preparing for it “should” the new PM decide to have it on that day.

But it’s expected he may push it back to look again at the whole package and whether he wants to go through with it, or look to different policies.