London: Britain’s new Prime Minister, either Boris Johnson or Jeremy Hunt, will be announced on July 23, the UK’s ruling Conservative Party said Tuesday. The party, in charge of the leadership contest to replace Theresa May as Conservative Party leader and Prime Minister, did not indicate the timeframe for when the new Tory leader would take charge at 10 Downing Street after a formal handover of power. “The announcement of the next leader of the Conservative Party will be made on Tuesday 23 July. This process has been agreed with both candidates,” the Conservative Party said in a brief statement. Also Read – Merkel warns UK Brexit deal ‘unlikely’ without compromise: LondonThe two candidates were chosen from a field of 10 by the Conservative party’s 313 MPs. Postal ballots are set to be issued to an estimated 166,000 Tory party members across the UK between July 6 and 8, with polls set to close by 5pm on July 22 after which the counting process will begin for the result to be declared the next day. A candidate achieving more than 50 per cent of the vote among Party members will be declared Leader of the Party. According to reports, the new leader is unlikely to move into Downing Street right away, with a possible wait of a few days. The UK Parliament’s autumn recess is set to kick off from July 25, which could mean that the new prime minister is unlikely to face MPs in the House of Commons until early September. “Parliament would express its will if there were any likelihood of that becoming an issue,” Commons leader Mel Stride told MPs on Tuesday when asked about this expected delay.