The next prime minister will start assembling a top team that he will hope can return a measure of stability to the country.
The Government had committed to signing a deal by the time Diwali took place on Monday.
The number of people supporting calls for a general election has increased since Liz Truss resigned as Prime Minister.
Here is a timeline of the recent political crises which engulfed the leadership of two prime ministers and ultimately led to their downfall.
He will become the next prime minister after Penny Mordaunt failed to win the support of Conservative MPs.
The former chancellor becomes the new Tory leader after Penny Mordaunt failed to win the backing of MPs.
Shares rose in London after a rollercoaster day.
He will become the UK’s first Hindu PM after his rival failed to get the support of 100 colleagues.
The former chancellor will become the first non-white prime minister, the first Hindu in the top job and also arguably the richest occupant of No 10.
The corporation said it was ‘urgently reviewing’ Sunday night’s edition of The Papers.