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Mordaunt Campaign Says They Have Backing Of 90 MPs-Reports

UK

A number of Westminster journalists reporting comments from an unnamed source within the campaign of Penny Mordaunt stating that she has the backing of 90 Conservative MPs, just 10 short of the 100 threshold required to get onto the ballot and force a members vote.

  • Following the withdrawal of former PM Boris Johnson it appeared that former Chancellor of the Exchequer Rishi Sunak was on course for a coronation, with Mordaunt looking well short of the number of backers required to get onto the ballot, and over half the parliamentary party supporting Sunak.
  • Nominations close today 1400BST (0900ET, 1500CET), with the number of backers for each prospective candidate announced shortly afterwards.
  • However, if Mordaunt can pull off an unexpected surge and get onto the ballot then it is all to play for, with Mordaunt having the potential to beat Sunak in an online vote of Conservative party members.
  • If the contest does go to a members vote, the winner would be announced on Friday 28 October.
  • Betting markets still giving an overwhelming +95% implied probability that Sunak becomes next Conservative leader and PM, but if Mordaunt makes the ballot this pricing will change dramatically.
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