The five candidates in the running to become the next Tory Party leader - and the next Prime Minister - are Michael Gove, Theresa May, Stephen Crabb, Andrea Leadsom, and Liam Fox.
One of the bookies’ favourites, Boris Johnson, decided this morning (June 30) that he would not stand in the leadership race.
Speaking this afternoon, Sir Edward said: “Conservative MPs are facing an important decision as part of the process to choose a new leader.
“Obviously my priority will be to back someone who will respect the decision of the British people to take us out of the European Union.
“I will observe the list of candidates and choose whomever I think is most capable of leading the nation.”