Who will be the next leader of the Liberal Democrats?

Politics Explained: Unlike the crowded Tory contest, the Lib Dem competition is likely to be a two-horse race

As Conservative leadership hopefuls descend into rows over Brexit, taxation and opium smoking, the starting gun has been fired on another contest.

Sir Vince Cable announced plans to step down as Liberal Democrat leader on 23 July after two years, informing activists of his decision only hours after Theresa May made an emotional speech setting out the date of her own departure.

Unlike the crowded Tory contest, which will loom large over proceedings, the Lib Dem competition is likely to be a two-horse race.