Rishi Sunak has become the first hope to reach that magic number of 100 supporters in the race to become the next prime minister – even if he has yet to officially throw his hat into the ring.

Those who support Boris Johnson claim that he has also reached this threshold, but not all have declared themselves publicly.

Meanwhile, Penny Mordaunt, who was the first to claim, has 20 endorsements.

Candidates have until 2pm on Monday to get enough support to move on to the next round.

But as Westminster grapples with its second leadership battle in seven weeks, economic uncertainty continues across the rest of the country.