Here's what we know so farpublished at 07:35 British Summer Time 23 October 2022

If you're just joining us, here's a round up of the latest developments in the contest to become the next Conservative Party leader and prime minister.
- The deadline to enter the contest closes at 2pm on Monday and so far Commons leader Penny Mordaunt is the only person to officially declare they are in the race. Candidates require the support of 100 MPs. The BBC's tally indicates that Rishi Sunak has already received the backing of at least 128 MPs and Boris Johnson has 53 supporters, compared with Ms Mordaunt's 23
- While neither Sunak or Johnson have publicly declared they will be candidates to replace Liz Truss, the BBC has been told the pair held a meeting last night. However, their camps have not disclosed what they discussed
- The leadership race dominates the majority of papers today - with the Sunday Times reporting that Sunak is forging ahead, as support for Boris Johnson appeared to stall. In an article for the paper, Kemi Badenoch - the first member of the cabinet to publicly endorse Sunak, said "We are not a fan club or organising a popularity contest". Meanwhile, the Observer says that senior Tories were engaged in a frantic campaign to stop Boris Johnson staging a dramatic return to Downing Street, with claims he would cause further economic damage and risk "the end of the Conservative party"
- We will hear from Mordaunt, when she appears on Sunday with Laura Kuenssberg on BBC One at 9am. Labour leader Sir Keir Starmer, who has been calling for a general election, is another guest on the show