The Foreign Secretary Liz Truss is now odds-on at 4/6 to be the next Tory leader after gaining more votes than Penny Mordaunt to make the final two in the leadership contest on Wednesday.
As it currently stands, Truss’ opponent, Sunak, is the 6/4 underdog on Betfair Exchange to replace Boris Johnson as the next Prime Minister.
The two remaining candidates will now see a summer of campaigning then there will be a votes by the wider Tory members, and the winner will be announced on 5 September.
Truss said if she is elected as the next Tory leader she will “hit the ground running from day one”.
“I would like to thank each and every one of my colleagues who have supported me throughout this stage of this contest,” the foreign secretary said.
“I would also like to pay tribute to every candidate who stood for the leadership. Each of them has contributed enormously to the Conservative Party and to public life.
“I am excited to now take to the country to make the case to the Conservative Party about my bold new economic plan that will cut taxes, grow our economy and unleash the potential of everyone in our United Kingdom.
“As Prime Minister I would hit the ground running from day one, unite the Party and govern in line with Conservative values.
“I am incredibly proud to be a part of the Conservative and Unionist Party and am excited to spend the next few weeks proving to all of our brilliant members exactly why I am the right person to lead it, and our great nation.”
Betfair Exchange: Next Conservative leader
Liz Truss: 4/6 (was Evens on Wednesday morning)
Rishi Sunak: 6/4
Betfair spokesperson Sam Rosbottom said, “It will be Liz Truss and Rishi Sunak going head-to-head to be the next Tory leader following Wednesday’s final Tory leadership ballot.
“Odds on Liz Truss to replace Boris Johnson have been slashed to 4/6 from Evens since the ballot results, while Sunak is 6/4 to move into No.10.”