UK Conservative Party to announce new leader on Nov. 2reuters_tickers1 minuteLONDON (Reuters) -Britain’s Conservative Party said on Monday it will name its new leader on Nov. 2, following the party’s worst-ever election performance this month that prompted former Prime Minister Rishi Sunak to say he would stand down. Sunak will remain acting leader until the appointment of a successor, the Conservative Party said in a statement. The leadership contest will see the party narrow down the field of nominations to four candidates who will make their case at the Conservative Party conference. The nominations will further narrow down to two candidates, following which party members will vote for a leader. Sunak said in his final speech outside the prime minister’s Downing Street office that he would quit as leader of the party once formal arrangements for his successor were in place.
