As Liz Truss faces a showdown with Chairman of the 1922 Committee Graham Brady, the odds on her stepping down this year have been slashed to 1/9 from 2/9 this morning.
Rishi Sunak is the clear front-runner at 6/4 to replace her and finally claim the top job, whilst the newly-appointed Chancellor Jeremy Hunt is 9/2 along with recent leadership hopefully Penny Mordaunt.
Betfair Exchange: Next Conservative leader
Rishi Sunak 6/4
Jeremy Hunt, Penny Mordaunt 9/2
Ben Wallace 9/1
Boris Johnson 11/1
Grant Shapps 25/1
Michael Gove 33/1
Theresa May 35/1
Suella Braverman 60/1
James Cleverly, Dominic Raab, Steve Baker 75/1
Sajid Javid 85/1
Tom Tugendhat 100/1
Betfair Exchange: Liz Truss exit date
2025 or later 120/1
Betfair spokesperson Sam Rosbottom said: “Rishi Sunak was beaten by Liz Truss in the recent Conservative leadership battle but the former Chancellor may soon have the keys to Number 10 as he’s the 6/4 favourite to become the next Tory leader with Truss 1/9 to vacate the building this year.
“How about a return for Boris Johnson? Nadine Dorries certainly likes the sound of it and it’s not completely out of the question with punters backing a sensational to return to Number 10 at 11/1.
“Other front-runners in the market include Jeremy Hunt and Penny Mordaunt, who are both 9/2 to take the top job, while Ben Wallace is 9/1 and Grant Shapps is 25/1.”