Steve Baker considers bid for Tory leadership as Boris Johnson prepares to quit

Rebel MP Steve Baker has told the BBC that he is considering running in the leadership race to replace Boris Johnson.

Mr Johnson has spoken to Sir Graham Brady, the chairman of the 1922 Committee of backbench Tory MPs, and agreed to stand down, a No 10 source said. 

A new Tory leader is expected to be in place by the time of the Conservative Party conference in October, with Mr Johnson expected to serve as a caretaker PM until then. 

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