After Liz Truss’ resignation last week, Rishi Sunak has been the only candidate to receive over 100 MPs supporting him for leader, making him the first British Asian PM.
The former chancellor has been the favourite amongst the party for the length of this very short campaign.
His lead widened over the weekend after other candidates, Penny Mordaunt and Boris Johnson, failed to gain any momentum in their own campaign.
Both of those pulled out before the announcement of the nominations by Sir Graham Brady, chairman of the 1922 Committee.
Mr Sunak is yet to make a public appearance since announcing his intention to run on Sunday morning.
Over the summer, Rishi Sunak lost in a one-on-one race to Liz Truss in the last Conservative Party leadership contest.
He failed to win amongst the membership after winning the most support from his colleagues.
The new Conservative Party leader will now go to the King and be asked to form a government due to him now leading the largest party in the House of Commons.