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It was announced last week that Boris Johnson would be stepping down from his role as UK Prime Minister and much debate has followed as to who his successor will be.
Following a string of political scandals, the final nail in the coffin for Johnson came after a historic mass resignation of cabinet members over three days last week.
Seven ministerial resignations emerged on Tuesday followed by another 35 the following day (more than triple the previous record of 11 set in 1932. After over another dozen more withdraw on Thursday, Johnson finally accepted defeat and announced his exit from Downing Street during a press conference.
I want to thank you, the British public, for the immense privilege of serving you as Prime Minister.— Boris Johnson (@BorisJohnson) July 7, 2022
I want you to know that from now until my successor is in place, your interests will be served and the government of the country will be carried on.https://t.co/T4kJoxmZ8q pic.twitter.com/Hn4rDUV319
The big question now is ‘Who will replace him?’
Let’s take a look at the frontrunners based on the odds from the UK’s top bookies.
|Next Permanent Conservative Leader Odds|
Odds correct on 14:15 12/07/2022
Rishi Sunak is currently leading the way in becoming the next permanent leader of the conservative party.
The ex-chancellor resigned on Tuesday following the resignation of Javid and quickly became the favourite to take over from Boris Johnson.
Although the favourite with the bookies, Sunak hasn’t been the most popular face of late. Having been praised through lockdown due to his organisation of furlough, he did abandon ship at a time when the country is under immense economic strain.
Another frontrunner is former defence secretary Penny Mordaunt.
Mordaunt is a short 2/1 to replace BoJo at the time of writing meaning that she is definitely in with a chance.
The fact that she is a relatively unknown figure amongst the public may go against her should she call an election.
Foreign Secretary Liz Truss became one of the latest candidates to become the next Tory party leader and like many of the others, pledged to take immediate action in regards to living costs. Slashing corporation tax and reversing the National Insurance hike are within the plans she has set out.
Truss is currently 10/3 to win the race.
At the moment, Sunak, Mordaunt and Truss are the three front runners. There are several others who have come forward but after those three, the odds lengthen quite a bit on the other candidates.
Tory leadership hopeful Kemi Badenoch (14/1), who has served as a MP for Saffron Walden, along with Chairman of the Foreign Affairs Committee Tom Tugendhat (16/1) are outsider bets with double-figure prices.
Looking further field and we have the unlikely successors, Jeremy Hunt, Suella Braverman, Nadhim Zahawi, Sajid Javid and Rehman Chishti who’s prices range between 50/1 and 250/1 at the time of writing.
Unlike in the USA or France which have a President, the Prime Minister is the leader of the party that holds the majority in government. That means that the decision of who will take over as the next leader of the Conservative party will not come down to a public vote given it is not a general election.
Instead, the potential candidates will be shortlisted until just two remain. There will then be a vote within the party as to which of the two should take charge.
Any conservative members of Parliament who are backed by 20 or more colleagues are eligible to stand in the election.
Although Boris Johnson has resigned, he will remain as Prime Minister until a new one is elected.
It is believed that conservatives wish to elect a new leader on Monday 5th September.
For several years now, many of the UK’s top bookies have offered betting markets on major Political affairs. This includes general elections, the next President of the United States and in this case, the next leader of the conservative party (Prime Minister).
Below, we’ve listed some of the top bookies for betting on politics.
|Betting On Politics|