Liz Truss now odds-on to step down as Conservative leader this year following day of Chancellor chaos with Boris odds-on

The odds on Liz Truss to step down as Conservative party leader in 2022 have been slashed to 20/21 from 3/1 in the last hour

Rishi Sunak is the 2/1 favourite to replace her, with Penny Mordaunt next at 5/1 and Boris Johnson 12/1.

Betfair Exchange – Liz Truss exit date

2022 – 20/21

2023 – 5/4

2024 – 14/1

2025 or later – 30/1

Betfair Exchange: Next Conservative leader

Rishi Sunak: 2/1

Penny Mordaunt: 5/1

Ben Wallace: 17/2

Kemi Badenoch: 9/1

Boris Johnson: 12/1

James Cleverly: 18/1

Suella Braverman: 25/1

Sajid Javid: 30/1

Betfair spokesperson Sam Rosbottom said, “We’ve already seen one departure from Downing Street today, and the odds now suggest there could be another by the end of the year.

“As groups of disgruntled Tory MPs grows, punters have seen enough of Truss and have backed her into 20/21 from 3/1 in the last hour.

“Truss’ former leadership rival Rishi Sunak is the 2/1 favourite to return to Downing Street and upgrade his previous residence to number 10. Penny Mordaunt is next at 5/1 and a spectacular return for Boris Johnson is 12/1”