When will the new Prime Minister be announced? Date Liz Truss or Rishi Sunak succeeds Boris Johnson as UK PM

Thenext Prime Minister (PM) of the UK will be announced today (5 September).

Former Chancellor Rishi Sunak and Foreign Secretary Liz Truss are the final candidates hoping to take the top spot from former Prime Minister Boris Johnson.

The final ballot, where Conservative party members cast their deciding vote took place on Friday 2 September).

The two candidates have been campaigning throughout the summer to prove to Conservative Party members they have what it takes to lead the UK.

The winner will have a tough task ahead, with the spiralling cost of living crisis hitting households hard.

Here’s everything you need to know about when the new Prime Minister will be announced.

When will the new Prime Minister be announced?

The new Prime Minister of the UK will be announced on Monday 5 September.

The results are expected to be confirmed at the QE2 conference centre in London just after 12:30pm.

Sir Graham Brady, who is chairman of the 1922 Committee of Conservative backbenchers will confirm the result, crowning either Sunak or Truss the winner.

Who is going to be the next Prime Minister?

The next Prime Minister is either going to be former Chancellor Rishi Sunak or Foreign Secretary Liz Truss.

After Johnson announced his resignation, 11 MPs confirmed they would be running for the top job, with only eight receiving the necessary backers.

The eight candidates were: Jeremy Hunt, Nadhim Zahawi, Suella Braverman, Tom Tugendhat, Kemi Badenoch, Penny Mordaunt, Liz Truss and Rishi Sunak.

The final two hopefuls have been battling it out across the UK this summer to convince Conservative MPs that they are the best person for the job.

Whoever takes on the top spot will have a tough road ahead, with households across the UK struggling with soaring energy prices.

When will Boris Johnson leave Downing Street?

Johnson will leave Downing Street today (5 September) once the new winner has been selected.

He has remained at Number 10 in a caretaking role, which he outlined in his resignation speech on Thursday, 7 July.

Johnson said: “I have agreed with Sir Graham Brady that the process of choosing that new leader should begin now, and the timetable will be announced next week. I have today appointed a cabinet to serve - as I will - until a new leader is in place.

“I want to thank you, the British public, for the immense privilege you have given me and I want you to know that from now until the new Prime Minister is in place, your interests will be served and the government of the country will be carried on.”

Moving vans have already been spotted lining up outside Downing Street in preparation for the former PM to move out.

When is the next General Election?

The next general election is not set to be held until January 2025.

This means that whoever becomes the next Prime Minister of the UK, could run the country for three more years, without having been elected by the British public.

An early election may be triggered before then, but can only be called by the PM or if two thirds of MPs agree to it.