#Rishi Sunak meets King Charles before entering No 10

Rishi Sunak, 42, will officially become prime minister this morning after winning the Conservative Party leadership contest.

He will travel to Buckingham Palace to meet King Charles before entering No 10 as the UK’s first British Asian PM.

He will be the UK’s third leader in seven weeks and is expected to make his first speech as PM outside Downing Street at 11:35.

But first, outgoing PM Liz Truss will chair her last cabinet meeting at 09:00 before submitting her formal resignation to the King.

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After being selected by Tory MPs on Monday, Sunak warned the country faced a “profound economic challenge” but promised to serve with integrity.

He ruled out an early general election, despite calls from Labour, the Scottish National Party, the Liberal Democrats and the Green Party.

Details later….