With Boris Johnson set to resign as Prime Minister, Penny Mordaunt is the 5/1 favourite to be the next Conservative leader, with Rishi Sunak 6/1.
The Defence Secretary Ben Wallace’s odds to succeed Johnson have shortened to 13/2 from 9/1 overnight, while Liz Truss (8/1), Sajid Javid (9/1) and Nadhim Zahawi (10/1) remain other contenders.
Betfair Exchange: Next Conservative leader after Boris Johnson
Penny Mordaunt: 5/1
Rishi Sunak: 6/1
Ben Wallace: 13/2 (was 9/1 on Wednesday)
Liz Truss: 8/1
Sajid Javid: 9/1
Nadhim Zahawi: 10/1
Jeremy Hunt: 13/1
Tom Tugendhat: 15/1
Michael Gove: 21/1
Betfair Exchange: Overall majority at next General Election
No Overall Majority: 4/5
Conservative Majority: 11/4
Labour Majority: 9/2
Betfair Exchange: Year of next General Election
2024 or later: 1/3
Betfair spokesperson Sam Rosbottom said, “With Boris Johnson set to resign as Prime Minister today, Penny Mordaunt is the 5/1 favourite to replace him as Conservative leader, with Rishi Sunak 6/1.
“However, odds on Ben Wallace to succeed Johnson have been slashed to 13/2 from 9/1 overnight, while Liz Truss is 8/1. Looking at when the next General Election could be, 2024 or later is odds-on at 1/3, with 2023 4/1 and 2022 8/1.”