U.K. House Of Commons Speaker John Bercow To Step Down

John Bercow announced his decision to step down as Speaker of the House of Commons, fulfilling a promise to his family. He will leave by October 31st, coinciding with the UK's planned exit from the EU. Bercow expressed gratitude for his tenure and wished his successor well. If an early general election is approved, he may leave sooner. The process to elect a new Speaker involves nominations and multiple voting rounds until a candidate secures over 50% of the votes. Notable candidates include Lindsay Hoyle and Chris Bryant.

What happens if no candidate secures more than 50% of the votes?

Who are some of the candidates that have announced their intention to run for the speaker position?