A new Conservative leader should be in place by September 2 to replace outgoing Prime Minister David Cameron, the party's influential 1922 Committee of lawmakers said on Monday.
Nominations for leadership candidates will open on Wednesday and close on Thursday, after which Conservative members of parliament will select two candidates for a vote by the party's members, the committee said following an emergency meeting.
Cameron offered to resign on Friday after his failed campaign to persuade a majority of voters in a referendum to back his plan for Britain to remain in a reformed European Union.
Boris Johnson, who co-led the Vote Leave campaign, and pro-Remain Home Secretary Theresa May are the two favourites to succeed Cameron.
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