Good morning. With impeccable timing for your First Edition editor, who has once again had to bin a perfectly good newsletter because of the internal ructions of the Tory party, Boris Johnson gave up on his dream shortly before 9pm last night. Barring a remarkable surge in support for Penny Mordaunt before nominations close at 2pm, Rishi Sunak will become Conservative leader and prime minister later today.
The task facing Sunak (or Mordaunt)…