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Rishi Sunak is the new favorite to succeed Boris Johnson
Rishi Sunak’s stance at the helm of bets to become the next Tory leader has hardened after early favorite Ben Wallace declared himself clear on Saturday.
Sunak, whose resignation as chancellor on Tuesday sparked a mass exodus of ministerial colleagues, is now 6-4 from 11-4 to succeed Boris Johnson as Conservative leader and prime minister.
Defense Secretary Wallace has been named the bookmakers’ favorite to succeed Johnson after the Prime Minister resigned on Thursday.
However, he announced on Saturday that he would not seek to put his name on the ballot and would instead focus on his current job as defense chief and “the security of this great country”.
Penny Mordaunt, whom Wallace replaced as betting head on Thursday, is the 11-2 second seed to succeed Johnson, although she has yet to declare her intention to run.
Foreign Secretary Liz Truss has not yet announced whether she will run for the Party leadership, although she is known to have ambitions for the top job. She is 6-1 of 10-1.
Tom Tugendhat announced his leadership challenge in Friday’s Daily Telegraph, but having been initially reduced to 6-1 from 9-1, he was an 8-1 shot on Saturday lunchtime.
Attorney General Suella Braverman was another to say she would enter the race on Friday and she is now 16-1 to 40-1 to succeed Johnson.
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FIRST PUBLICATION AT 5:15 PM, JULY 8, 2022