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Survey 2023. Welcome to F.T. Politics, a weekly podcast on British politics from the Financial Times.

I'm Sebastian Payne, digital comment editor,

and this week we'll be discussing the unparalleled catastrophe of British politics

and the leadership crisis in the Tory and labour parties and the fallout from the EU referendum.

To do this I'm delighted to be joined by Robert Shimsley, managing edge of FT.com, Philip Stevens,

chief political commentator, Ian Martin, another political commentator, Marcus Roberts from

U-Gove and Jim Picard, the F.T. Chief Political Correspondent and James Blitz Leader

Writer. Thank you all very much for joining. So we'll begin with the Conservatives whose leadership contest has begun in earnest.

We now know the next Prime Minister is either going to be Theresa May, Michael Gov, Liam Liam Fox, Andrea Leadsham or Stephen Crabb.

But there's a name missing from there, Boris Johnson, who was the long expected front runner,

who amazingly dropped out early on Thursday morning.

So Philip, I'm going to begin with you here.

There's so much to process and get through now.

It seems quite odd to actually think about who's going to be

Prime Minister in a few months time,

but looking at where the contest lies with that

...