PRIME Minister Boris Johnson is set to resign, according to national reports this morning.

According to national media, a resignation statement is being prepared and Mr Johnson will be issuing this later today.

Mr Johnson is set to quit as Tory leader after ministers and MPs made clear his position was untenable.

He will remain as Prime Minister until a successor is in place, expected to be by the time of the Conservative Party conference in October.

A No 10 source said Mr Johnson spoke to Sir Graham Brady, chairman of the Conservative 1922 Committee, to inform him of his decision.

“The Prime Minister has spoken to Graham Brady and agreed to stand down in time for a new leader to be in place by the conference in October,” a No 10 source said.

Reacting to the news on Twitter, Oxford West and Abingdon MP Layla Moran said: “Ding dong Boris Johnson gone.”

This is a breaking news story. More to follow.