Odds slashed on Kemi Badenoch to be next Tory leader as Michael Gove backs her to succeed Boris Johnson

Odds on Kemi Badenoch to be the next Conservative leader have been slashed to 15/1 from 33/1 with Michael Gove backing her to replace Boris Johnson.

Rishi Sunak remains the 2/1 favourite to move into No.10, with Penny Mordaunt 7/2 and Liz Truss 5/1.

Betfair Exchange: Next Conservative leader after Boris Johnson

Rishi Sunak: 2/1 (was 13/8 on Saturday)

Penny Mordaunt: 7/2 (was 11/2 on Saturday)

Liz Truss: 5/1

Tom Tugendhat: 10/1

Kemi Badenoch: 15/1 (was 33/1 on Saturday)

Jeremy Hunt: 21/1

Sajid Javid: 29/1

Nadhim Zahawi: 35/1

Priti Patel: 43/1

Betfair Exchange: Overall majority at next General Election

No Overall Majority: 4/5

Conservative Majority: 14/5

Labour Majority: 4/1

Betfair Exchange: Year of next General Election

2022: 14/1

2023: 4/1

2024 or later: 1/3

Betfair spokesperson Sam Rosbottom said, “With Michael Gove backing Kemi Badenoch to be the next Conservative leader, odds on the Saffron Walden MP to replace Boris Johnson have been slashed to 15/1 from 33/1.

“Meanwhile, Rishi Sunak remains the 2/1 to move into No.10. The former Chancellor has been a very popular selection with the punters, a third of the money traded on the Betfair Exchange market has been for him. However, there are other candidates being backed, such as Penny Mordaunt at 7/2 and Liz Truss, who is 5/1.”