It's very rare you see the News Agents speechless. But today is one of those rare moments. James Cleverly, Tory MPs favourite as of yesterday has just been knocked out of the leaders race by Kemi Badenoch and Robert Jenrick.

You can hear from our voices, that we spend the entire episode trying to work out what on earth has happened. Did Team Cleverly's maths go wrong?

Did MPs have a sudden change of heart over the direction of the party? And what does it mean for what happens to the Tory party now? One man who's probably breathing his first sigh of relief for a month is Keir Starmer.

Later, Rachel Reeves' budgetary gymnastics, and our campaign to 'help Jim get a jingle'.

Editor: Tom Hughes

Producer: Natalie Indge

Digital Editor: Michaela Walters

Social Media Editor: Georgia Foxwell

Video Production: Rory Symon, Shane Fennelly & Arvind Badewal

Digital Journalists: Michael Baggs & Jacob Paul

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