BoJo new favourite to become next Tory leader

New odds show

Ladbrokes has slashed odds of Boris Johnson becoming the next Conservative leader after his conference speech in Manchester.

The Cabinet Minister had been 6/1 at the turn of the month but has since been trimmed to just 4/1, making him the new favourite ahead of market leader, David Davis.

Meanwhile, Amber Rudd, Jacob Rees-Mogg and Philip Hammond are all 8/1 shots to replace Theresa May, while the rest of the field are 16/1 or bigger.

Alex Apati of Ladbrokes said: “Money talks, and punters now believe it’s BoJo who’ll be taking over the Conservative party helm next.”

Ladbrokes latest betting, next Conservative leader

Boris Johnson – 4/1

David Davis – 5/1

Amber Rudd – 8/1

Jacob Rees-Mogg – 8/1

Philip Hammond – 8/1

Andrea Leadsom – 16/1

Ruth Davidson – 16/1

20/1 bar