Boris Johnson has been elected as leader of the Conservative Party and will become the UK’s next prime minister after defeating Jeremy Hunt.

Theresa May will tender her resignation to the Queen after taking Prime Minister’s Questions in the Commons on Wednesday afternoon for the final time, with the new Tory leader set to enter Number 10 soon afterwards.

Here’s the latest:

1.03pm

Watch: Boris Johnson thanks Tory members following leadership victory

1pm

Scottish First Minister Nicola Sturgeon said she had “profound concerns” at the prospect of Mr Johnson’s premiership.

12.58pm

Watch: The moment Boris Johnson is announced as new Tory leader

12.56pm

Defence minister Tobias Ellwood, a prominent critic of a no-deal Brexit, said he would stay in Government and urged his colleagues to get behind the new Tory leader.

He told PA: “It’s a duty of every MP to support the prime minister right now.”

12.54pm

Foreign Secretary Jeremy Hunt, who received around a third of the vote, told Mr Johnson that he would be “a great PM for our country at this critical moment”.

12.50pm

Australian PM Scott Morrison has also congratulated Mr Johnson, saying he has “a reputation for getting things done and making things happen”.

12.47pm

Tory leadership race
Conservative party leader Boris Johnson arrives back at his office in Westminster (Yui Mok/PA)

12.45pm

Health secretary Matt Hancock, who dropped out of the leadership race after the first round, has sent “huge congrats” to the new Tory leader.

12.43pm

Mr Johnson’s father, Stanley, said he was “thrilled” to see his son elected as Tory party leader.

He told PA following the result: “I feel absolutely thrilled, completely thrilled – it was a wonderful, inspiring speech, absolutely to be expected.”

Tory leadership race
Stanley Johnson leaves the Queen Elizabeth II Centre (Aaron Chown/PA)

12.42pm

A source close to Boris Johnson said Cabinet appointments would not be made until Wednesday evening.

He is expected to spend Tuesday afternoon finalising the top ministerial team and preparing his speech for Wednesday.

Mr Johnson will also address the 1922 committee of Conservative MPs at 4pm today and visit CCHQ.

12.41pm

Speaking to reporters as he left the Queen Elizabeth II Centre, former leadership hopeful Dominic Raab said: “Boris has won over half of the MPs, two thirds of the members – he has got a really strong mandate now to take us forward. He will get a chance now to put together a great team.

“I’m sure he will do that, which will unite the party and get us moving forward to deliver Brexit, talk about some of those other things like broadband, like education that we need to be talking about, that the voters want to hear us talking about, and beat Jeremy Corbyn in the next election.”

Asked if he would like to be in Mr Johnson’s cabinet, Mr Raab added: “I am looking forward to serving whichever way he sees fit.”

12.40pm

Home Secretary Sajid Javid, who was eliminated in the fourth round of the Tory leadership contest, has tweeted his congratulations.

12.38pm

12.37pm

In his speech, Mr Johnson said: “I know some wag who has already pointed out that deliver, unite and defeat was not the perfect acronym for an election campaign since unfortunately it spells dud.

“But they forgot the final E my friends, E for energise.

“And I say to all the doubters, ‘Dude we are going to energise the country, we are going to get Brexit done on October 31, we are going to take advantage of all the opportunities that it will bring in a new spirit of can do’.

“And we are once again going to believe in ourselves and what we can achieve and like some slumbering giant we are going to rise and ping off the guy ropes of self-doubt and negativity.”

Improved education, infrastructure, more police and full-fibre broadband are among the ways Mr Johnson said this would be achieved.

“We are going to unite this amazing country and we are going to take it forward,” he said.

12.35pm

Tory leadership race
Boris Johnson speaks at the Queen Elizabeth II Centre (Dominic Lipinski/P)A

12.34pm

Mr Johnson said he would work “flat out from now on” with the team he hopes to assemble in the “next few days”.

“In the meantime the campaign is over and the work begins,” he concluded.

He repeated his campaign mantra “deliver Brexit, unite the country and defeat Jeremy Corbyn”, adding: “And that is what we are going to do.”

12.32pm

US President Donald Trump has congratulated Boris Johnson on winning the race to be the next prime minister, tweeting: “He will be great!”

12.31pm

Tory Brexiteer Jacob Rees-Mogg, who backed Mr Johnson’s campaign, said the result gave the new Tory leader a “clear mandate”.

He told PA: “It’s a very good result, a very clear mandate which gives him authority within the party at large.”

He said the result was in line with what he expected.

12.30pm

Watch: Public react as Boris Johnson becomes Tory leader

12.28pm

The Cabinet presented Theresa May with a black handbag from Liberty and a Lalique necklace as leaving gifts at the final meeting of her top team.

Environment Secretary Michael Gove presented the items to the PM, Mrs May’s official spokesman told a Westminster briefing.

12.27pm

Nigel Farage and Sadiq Khan are among the high-profile figures reacting to the news on Twitter.

12.25pm

Watch: Boris Johnson wins Tory leadership race

12.24pm

In his victory speech, Mr Johnson said it was not irreconcilable to remain close with the EU and to deliver Brexit, adding: “I think we know that we can do it and that the people of this country are trusting in us to do it and we know that we will do it.”

12.22pm

The first response from an international leader came from the Prime Minister of Ukraine, as Volodymyr Groysman tweeted a greeting to the new Tory leader.

12.21pm

Mayor of London Sadiq Khan said: “Congratulations Boris Johnson. Let’s put aside our differences and work together to reverse police and Transport for London cuts, invest in affordable homes & secure further devolution to London — which you backed as Mayor. But I’ll never stop speaking out against the catastrophic threat of Brexit.”

12.19pm

EU Commission Brexit negotiator Michel Barnier said he looked forward to “working constructively” with BorisJohnson.

12.16pm

(PA Graphics)

12.15pm

MPs have tweeted congratulations – and criticism – shortly after the announcement was made.

12.12pm

As the result was announced, many of those outside the Queen Elizabeth II Centre could be seen huddled around phones and devices.

With Mr Johnson anointed as the next prime minister, campaigners began chanting “hey, hey Boris – give us the People’s Vote today” with the odd sporadic cheer in his support.

12.09pm

Boris Johnson said it was an “extraordinary honour and privilege” to be elected Tory leader. He received 92,153 votes while 46,656 votes were cast for Jeremy Hunt.

12.06pm

Theresa May has tweeted her congratulations to the new Tory Party leader.

12.05pm

Boris Johnson has been elected as leader of the Conservative Party and will become the UK’s next prime minister after defeating Jeremy Hunt.

12.02pm

11.57pm

The result is about to be announced as Tory Party chairman Brandon Lewis enters the stage.

11.52pm

Tory leadership race
Jeremy Hunt and his wife Lucia arrive at the Queen Elizabeth II Centre (Aaron Chown/PA)

11.50pm

DUP leader Arlene Foster is following the events from the Enniskillen Constituency office.

11.45pm

The Queen Elizabeth II Centre is packed ahead of the announcement. Boris Johnson’s father Stanley, journalist sister Rachel and politician brother Jo have been spotted among the audience.

Tory leadership race
Stanley Johnson and Rachel Johnson at the Queen Elizabeth II Centre (Stefan Rousseau/PA)