Why is it depressing? The Tory party faithful are literally dying out. They need to completely rejuvenate what they stand for, a Herculean task, especially given the split on Brexit, and the best candidates for the job appear to be Rees-Mogg, Johnson or Leadsom.
Don't forget the 'lower than vermin' Tories have a history of selecting a compromise candidate, especially as the Westminster MPs are petrified of a vote by party members. See ids for more details.
A bit depressing
https://www.oddschecker.com/politics/british-politics/next-conservative-leader