Conservative MPs have narrowed the options for Boris Johnson's successor as party leader and prime minister to a choice of two candidates.
Either Foreign Secretary Liz Truss or former Chancellor Rishi Sunak will be named the winner in September, after a run-off vote among Tory party members.
The pair have set out some of their policies already and will continue to do so in the coming months – here is what we know so far.
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The final two candidates will be trying to convince party members to back them at hustings events around the country between 28 July and 31 August and in two televised debates – on the BBC on 25 July and Sky News on 4 August. The ballot will close at 17:00 BST on 2 September with the winner due to be announced on 5 September.
The Conservative Party has not revealed exactly how many people are eligible to vote in the final stage of the contest but it is more than 160,000, or about 0.3% of the total UK electorate.
Research suggests that, like members of the other major parties, Tories tend to be older, more middle class and more white than the rest of the population.
Mr Sunak and Ms Truss reached the last round of the contest after a series of votes by Tory MPs reduced the field of contenders from eight to two.
The former chancellor had been in the lead in every round of voting and ended with 137 votes in the fifth and final ballot, but Ms Truss overtook Penny Mordaunt only in the final round to secure second place with 113 votes.
The timetable for the Tory leadership race was confirmed by Sir Graham Brady, chairman of the 1922 Committee of the party's backbench MPs after Mr Johnson announced he would be stepping down.
People putting themselves forward had to secure the backing of 20 Tory MPs – a higher threshold than in previous contests. Former Health Secretary Sajid Javid, Transport Secretary Grant Shapps and Foreign Office minister Rehman Chishti, who had all announced they planned to run, failed to do so and dropped out.
Former Foreign Secretary Jeremy Hunt and Chancellor Nadhim Zahawi did not get the 30 votes from Tory MPs needed to progress from the first round of voting.
Attorney General Suella Braverman was eliminated after getting the fewest votes in the second round, while Tom Tugendhat and Kemi Badenoch were eliminated in the third and fourth rounds respectively.
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