Former Tory cabinet minister Nadhim Zahawi has said the public was “right” to vote his party out of government, adding that now was the time to “regroup”.

Mr Zahawi, who stepped down ahead of the general election, told Sky News’ Sunday Morning With Trevor Phillips the results last week were “pretty catastrophic” for the Conservatives.

Election latest: Starmer embarks on ‘reset’ tour

The once dominant party have gone from 365 MPs to 121 following their worst-ever defeat, with many big beasts kicked out of parliament following Labour’s landslide victory.

Mr Zahawi said: “It is pretty catastrophic. To go from 365 MPs down to 121. That’s pretty shocking. But I do think that we have an opportunity to regroup.”

He said “serious talent” remained within the Conservative ranks and that he was “hopeful they will come together” and unite the party.

“For too many years, for far too long, we formed a circle, a firing squad and that is what the electorate saw,” he said.

Cool Britannia: Life in the UK when Labour last triumphed over the Tories

Sir Keir Starmer seeks ‘reset’ with devolved nations as he kicks off UK tour with visit to Scotland

Suella Braverman says ‘idiotic strategy’ led Conservatives to worst-ever election defeat

“And therefore they reacted and they reacted quite rightly by throwing us out of power.”

Mr Zahawi would not go as far as naming who should lead the party, or who should not, saying the most important thing for whoever comes forward is they have a plan “of how to unite the party”.

Asked if that meant he would not support a leadership bid from the likes of Suella Braverman or Kemi Badenoch, seen as divisive figures on the right of the party, he said he was “not going to come out and either criticise or attack my colleagues”.

However, in a sign he does not want to see a shift to the right, the former Chancellor said he did not agree with calls from some within the party ranks to welcome Reform UK leader Nigel Farage into the fold.

Mr Zahawi said the Tories lost votes both to Reform UK and the Liberal Democrats and whoever takes over from Rishi Sunak will need to appeal to both sides.

He said: “Let’s not forget that they (the Lib Dems) have taken many, many seats from us, including my own in Stratford-upon-Avon.

“So this idea that all we need to do is deal with the issues around Reform, immigration, migration is not enough.”

Mr Zahawi, who sacked as Tory chairman last year following a row about his tax affairs, announced in May he would not fight the seat he represented since 2010.

Stratford-Upon-Avon was one of many “blue wall” constituencies the Lib Dems gained in a successful night that saw Sir Ed Davey’s party win a record 72 seats overall, making them the third largest party after the SNP shrunk to just nine.

With the Tories now in opposition for the first time in 14 years, a battle is expected not only for the leadership but the heart and soul of the party.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Related posts:

Nicola Sturgeon accused of damaging Scotland’s institution to ‘save her own skin’ Rat sightings soar in London as lockdown changes rodents’ habits ‘I haven’t felt this alive for years’: Blood cancer sufferer completes charity wing walk UK records another 58 COVID-related deaths – as infections rise by 15% in a week COVID-related deaths highest since March as record 189,213 daily cases reported Crisp and chip brands forced to change recipes amid sunflower oil shortage More than one in seven UK households ‘skipping meals’ due to cost of living rise New health secretary expects patients to get GP appointments ‘within two weeks’ Police believe missing dog walker Nicola Bulley fell into river – investigation focuses on 10-minute window ‘Deeply sorry’: Plaid Cymru apologises for ‘unacceptable behaviour’ after report on sexual harassment Prince Harry says he ‘unravelled’ after tour of Afghanistan triggered trauma of losing his mum School forced to close after ‘malicious’ and ‘false’ claims teachers bullied Palestinian boy