Odds on Liz Truss to leave her role this year have tumbled to 1/2 from 5/6 with Suella Braverman resigning as home secretary.
It is more unwanted news for the Tories, who are 6/1 to win a majority at the next General Election, with Labour the 10/11 odds-on favourites to beat them.
Rishi Sunak is the 11/5 frontrunner to replace Truss as the next Tory leader, with Penny Mordaunt 4/1.
Betfair Exchange: Liz Truss exit date
2022: 1/2 (was 5/6 on Wednesday morning)
2025 or later: 31/1
Betfair Exchange: Next Conservative leader
Rishi Sunak: 11/5
Penny Mordaunt: 4/1
Jeremy Hunt: 5/1
Boris Johnson: 12/1
Ben Wallace: 12/1
Betfair Exchange: Overall majority at next General Election
Labour majority: 10/11
No overall majority: 9/5
Conservative majority: 6/1
Betfair spokesperson Sam Rosbottom said, “Suella Braverman has resigned from her role as home secretary, with Grant Shapps reportedly set to replace her, and she might not be the only departure from the Tory party this year.
“Odds on Liz Truss to leave her role before the New Year have tumbled to 1/2 from 5/6 on Betfair Exchange in the past hour. Looking at who could replace the under-pressure Prime Minister as the next Tory leader, Rishi Sunak is the 11/5 frontrunner, with Penny Mordaunt 4/1, while Jeremy Hunt is 5/1.”