With what has been a brutal week for Boris Johnson, he has now resigned as Prime Minister on Thursday afternoon, the Defence Secretary Ben Wallace is the new 11/4 favourite to be the next Conservative leader.
The former Chancellor Rishi Sunak follows behind at 9/2, while Penny Mordaunt, who had been the 5/1 frontrunner on Thursday morning, is now 6/1 to succeed Johnson, other contenders include Liz Truss (10/1), Sajid Javid (12/1) and Jeremy Hunt (16/1).
Betfair Exchange: Next Conservative leader after Boris Johnson
Ben Wallace: 11/4 (was was 13/2 on Thursday morning)
Rishi Sunak: 9/2 (was 11/2 on Thursday morning)
Penny Mordaunt: 6/1
Liz Truss: 10/1
Sajid Javid: 12/1
Jeremy Hunt: 16/1
Nadhim Zahawi: 18/1
Tom Tugendhat: 21/1
Betfair Exchange: Overall majority at next General Election
No Overall Majority: 4/5
Conservative Majority: 11/4
Labour Majority: 4/1
Betfair Exchange: Year of next General Election
2024 or later: 2/7
Betfair spokesperson Sam Rosbottom said, “With Boris Johnson confirming his resignation as Prime Minister outside No.10 on Thursday, Ben Wallace is the new 11/4 favourite to be the next Conservative leader, having overtaken Penny Mordaunt, who was the 5/1 frontrunner hours earlier, but is now 6/1.
“Rishi Sunak follows behind Wallace at 9/2 to succeed Johnson, while Liz Truss is 10/1.”