Odds for Potential Candidates to Succeed Boris Johnson as UK Prime Minister

Last week brought the surprising announcement that Boris Johnson would step down as the UK Prime Minister, prompting widespread speculation about his potential successor.

Amid a swirl of controversies, Boris Johnson's political career hit a snag as a massive wave of resignations from his cabinet occurred over three consecutive days.

On Tuesday, seven ministers resigned, followed by an unprecedented 35 more on the next day, breaking a nearly century-old record set in 1932, culminating in Johnson's concession and decision to step down in a dramatic press conference.

I extend my deepest gratitude to the people of Britain for allowing me the extraordinary honor of serving as your Prime Minister.

Rest assured, until my successor takes office, your interests will be safeguarded and the government's functions maintained. https://t.co/T4kJoxmZ8q pic.twitter.com/Hn4rDUV319

— Boris Johnson (@BorisJohnson) July 7, 2022

The pressing inquiry currently captivating everyone is: 'Who will step into his shoes next?'

Examining the current betting odds reveals the frontrunners in this political contest. UK’s top bookies .

Next Conservative Leader Odds

Who Will Be The Next Leader of the Conservative Party?
Rishi Sunak	13/8
Penny Mordaunt	2/1
Liz Truss	10/3
Kemi Badenoch	14/1
Tom Tugendhat	16/1
Jeremy Hunt	50/1
Suella Braverman	66/1
Nadhim Zahawi	66/1
Sajid Javid	80/1
Rehman Chishti	250/1
Odds correct on 14:15 12/07/2022

Rishi Sunak – 13/8

Rishi Sunak has emerged as a leading contender for the role of the next Tory party leader.

Once Johnson's chancellor, Sunak quickly gained favor among bookmakers after his resignation followed that of Javid, positioning him as a strong successor.

Despite being bookmakers' favorite, Sunak's popularity has waned since he abandoned office during tough economic times, despite positive earlier perceptions.

Penny Mordaunt – 2/1

Former defence secretary Penny Mordaunt stands out as another key contender.

Penny Mordaunt's odds are quite competitive at 2/1, suggesting she has a substantial shot at stepping in.

Her limited recognition among the wider public might be a disadvantage if she pushes for an election.

Liz Truss – 10/3

The recent entrant into Tory leadership candidacy, Foreign Secretary Liz Truss, promises economic reforms like cutting corporation tax as she joins the race.

Truss is currently 10/3 to win the race.

Other Candidates

For now, Sunak, Mordaunt, and Truss are front and center, though other candidates experience significantly longer odds in comparison.

Electoral outsiders like Kemi Badenoch and Tom Tugendhat present intriguing prospects with their odds in the double digits.

A further review reveals candidates like Jeremy Hunt and Suella Braverman, whose odds range widely, reflecting their outsider status.

The Process for Selecting the Next UK Prime Minister Explained

In contrast to countries with presidential systems, the UK's Prime Minister is the leader of the majority party, meaning the new Conservative leader won't be publicly elected if it isn't a general election.

Candidates will be streamlined until only two remain, upon which Conservative Party members will vote to decide the leader.

Only Conservative MPs with backing from 20 colleagues can enter the leadership race.

How Long Will It Take?

Boris Johnson remains the acting Prime Minister until a new leader is declared.

There's a push to have a new Conservative leader by September 5th, underscoring the urgency of the situation.

Betting On The Next Prime Minister

For years, betting on political events like elections and leadership contests has been a staple offering by major UK bookmakers.

Here's a guide to some of the top bookmakers offering odds on political events.

Betting On Politics
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