The King is on stand-by to appoint a new Prime Minister – the second of his reign – as soon as Monday.
Liz Truss announced her intention to resign as Prime Minister on Thursday October 20, with the 47-year-old planning to visiting His Majesty to formally tender her resignation as soon as a replacement has been announced.
The wheels of succession are already in motion, with Conservative Party officials saying the next Prime Minister will be known by Friday 28th October.
However, it is looking increasingly likely that the next resident of 10 Downing Street will be announced sooner rather than later, with a limited number of candidates standing for the position.
Former Chancellor Rishi Sunak, Lord President Penny Mordaunt and Former PM Boris Johnson are expected to run to become the next leader.
However, in order to stand in the contest, they must receive the backing of 100 Conservative MPs.
With only 357 Conservative MPs elected, the threshold is extremely high, meaning there might only be one candidate who receives the necessary support.
Voting for MPs closes on Monday, and if only one candidate does exceed the magic number of 100, they will be the only person remaining, and will become Prime Minister.
If more than one candidate receives 100 votes, the process will likely be extended, with party members voting for their next leader.
The King will watching events closely with a new Prime Minister expected to attend Buckingham Palace to kiss hands at some point next week.
Whether or not there is a single unity candidate will determine the speed of the process.
