With Boris Johnson set to resign as Prime Minister, Rishi Sunak is the 13/8 favourite to be the next Conservative leader, with Penny Mordaunt 11/2 now that the Defence Secretary Ben Wallace rules out running “after careful consideration.”
Ben Wallace’s odds had shortened to 5/1 from 13/2 overnight but is no longer running for the position
Betfair Exchange: Next Conservative leader after Boris Johnson
Rishi Sunak: 13/8
Penny Mordaunt: 11/2
Liz Truss: 13/2
Tom Tugendhat: 9/1
Jeremy Hunt: 16/1
Nadhim Zahawi: 19/1
Suella Braverman: 22/1
Sajid Javid: 22/1
Kemi Badenoch: 33/1
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 Boris Johnson resigning as Prime Minister, Rishi Sunak is the 13/8 favourite to replace him as Conservative leader, however, with Ben Wallace not running, last listed as 5/1 second favourite, odds on Penny Mordaunt to succeed Johnson are now 11/2 and she now sits in second favourite.”
