Odds on Liz Truss to leave her role continue to shorten with the Prime Minister now 4/7 to go this year, having been 8/11 on Monday, she remains odds-on to go before the New Year, but is 2/1 to depart in 2023.
Odds on Penny Mordaunt to be the next Tory leader have been slashed to 9/2 from 9/1 overnight, with Rishi Sunak the 15/8 favourite to succeed Truss.
Betfair Exchange: Liz Truss exit date
2022: 4/7 (was 8/11 on Monday)
2025 or later: 31/1
Betfair Exchange: Next Conservative leader
Rishi Sunak: 15/8
Penny Mordaunt: 9/2 (was 9/1 on Monday)
Jeremy Hunt: 5/1
Ben Wallace: 11/1
James Cleverly: 15/1
Betfair spokesperson Sam Rosbottom said, “Despite insisting she will not resign as Prime Minister after facing heavy criticism for her economic plans, Liz Truss is odds-on at 4/7 to leave her role this year. Notably, the Tory leader’s odds continue to shorten, having been 8/11 on Monday.
“Five Tory MPs have publicly called for Truss to quit, and Rishi Sunak is the 15/8 favourite to replace her. However, odds on Penny Mordaunt to be the next Tory leader have been slashed to 9/2 from 9/1 overnight.”