It's a busy day in Westminster as we await the new Chancellor's ‘spending audit’ of the financial challenges Labour has ‘discovered’ on entering government. But in the meantime there has been some movement in the Tory leadership race, with the deadline for applicants later this afternoon.

Kemi Badenoch is the latest to declare, whilst Suella Braverman – the onetime standard-bearer of the Brexiteer right – has penned a piece for Monday’s Telegraph, declaring that she will not throw her hat in the ring. What's next for her? 

Patrick Gibbons speaks to Katy Balls and James Heale. 

Produced by Oscar Edmondson and Patrick Gibbons.