Politics The next British PM: All you need to know about the Tory party contest to choose its next leader Updated : July 22, 2019 05:08 PM IST This is the first time in history when the officeholder will be elected by the Conservative party membership rather than MPs or the wider electorate. May will address the parliament as PM for the last time on Wednesday before proceeding to the Buckingham Palace to tender her resignation to the Queen. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.