The next prime minister of Britain will be appointed on or before September 2, reports said. The committee of Conservative lawmakers that will run the leadership contest, which was triggered by David Cameron's (pictured above) resignation after the European Union referendum results, put forward the timetable on Monday.

“We recommend that the process of electing a new leader of the Conservative Party should commence next week ... and conclude no later than Friday, September 2," said Graham Brady, chairperson of the 1922 committee. Among those expected to enter the fray include leading Brexit campaigner Boris Johnson, former Defence Secretary Liam Fox, Home Secretary Theresa May and Work and Pensions Secretary Stephen Crabb.

On Monday, in the House of Commons, Cameron said that it would be a hard process but that the decision to leave the EU must be respected. The Conservative leader had earlier said he wanted to be replaced before the Tories’ annual conference in the first week of October. He resigned on Friday, after Britain voted to leave the European Union.