LONDON: The new British Prime Minister replacing incumbent Boris Johnson will be announced on September 5, said Graham Brady, Chairman of the Conservative Party's backbench 1922 Committee. Brady noted on Monday that the 1922 Committee, which oversees the Tory leadership race, has decided that the candidates will have to get the backing of 20 members of Parliament when nominations open and close on Tuesday. The barrier is far greater than the standard party regulations, which call for the support of eight MPs. The candidates will need to earn 30 votes to be included in the second ballot, which will be held on Thursday, he said, adding that the first round of voting among Tory MPs will take place on Wednesday. Before MPs adjourn for the summer session on July 21, the field of candidates will be reduced to just two, he added. The victor of the postal vote, which will be conducted over the summer among all 200,000 or so Conservative members, will become the new Tory leader and the UK's next Prime Minister. Brady called the timeline "absolutely acceptable" and said he was "quite keen we get this done as swiftly, cleanly and rapidly as possible." This would enable the postal ballot to be conducted across the nation over the summer. On September 5, the result will be announced, so "we do need to make sure there is a reasonable amount of time before that," he said. Boris Johnson's Resignation: Who Will Be Johnson's Successor? British Govt Close to Collapse After 40 Resignations UK PM fights on, but hit by new wave of resignations