Odds on Tom Tugendhat to replace Boris Johnson have been slashed to 8/1 from 24/1 since announcing he’ll run for leadership of the Conservative party.
The Defence Secretary Ben Wallace is the 7/2 favourite to be the next Tory leader, with Rishi Sunak 11/2 and Penny Mordaunt 6/1.
Meanwhile, August is Evens for the month a new Prime Minister will be in place, with September 2/1 and July 3/1.
Betfair Exchange: Next Conservative leader after Boris Johnson
Ben Wallace: 7/2
Rishi Sunak: 11/2
Penny Mordaunt: 6/1
Tom Tugendhat: 8/1 (was 24/1 yesterday)
Nadhim Zahawi: 10/1
Liz Truss: 11/1
Sajid Javid: 13/1
Jeremy Hunt: 15/1
Betfair Exchange: The month a new Prime Minister will be in place
October or later: 10/1
Betfair Exchange: Overall majority at next General Election
No Overall Majority: 4/5
Conservative Majority: 11/4
Labour Majority: 6/5
Betfair Exchange: Year of next General Election
2024 or later: 4/11
Betfair spokesperson Sam Rosbottom said, “Since announcing he’ll run to be the new Conservative leader, odds on Tom Tugendhat to replace Boris Johnson have been slashed to 8/1 from 24/1 overnight.
“Ben Wallace is the 7/2 frontrunner to move into No.10, with Rishi Sunak 11/2 and Penny Mordaunt 6/1. Meanwhile, it is Evens for August to be the month a new Prime Minister is in place in Downing Street.”