The 10 candidates to become the next Conservative Party leader and Prime Minister have been confirmed, and Boris Johnson remains the odds-on favourite to win.
Theresa May will leave Downing Street in mid-July once her replacement is found, and the runners and riders are now known with 10 battling for the main job.
The 10 are…
Michael Gove – Environment Secretary
Matt Hancock – Health Secretary
Mark Harper – Backbencher
Jeremy Hunt – Foreign Secretary
Sajid Javid – Home Secretary
Boris Johnson – Backbencher
Andrea Leadsom – Backbencher
Esther McVey – Backbencher
Dominic Raab – Backbencher
Rory Stewart – International Development Secretary
Bookmakers are convinced that former Foreign Secretary Johnson – who of the 11 has the least Government experience – is the person who will succeed Mrs May, and is now priced as short as 4/9.
The biggest mover in the market has been Michael Gove – one time favourite and who was just 3/1 earlier this month – is now as long 20/1 following a weekend of front page headlines about his one time use of drugs.
Jeremy Hunt is now into second favourite priced at 4/1 with Andrea Leadsom third favourite at twice the price at 8/1.
Elected Conservative Party Leaders
Elections from 1965 onwards as before this leaders were elected by party committee
|1965||Reg Maulding||Edward Heath|
|1975||Wille Whitelaw||Margaret Thatcher|
|1990||Michael Heseltine||John Major|
|1997||Ken Clarke||William Hague|
|2001||Michael Portillo||Iain Duncan Smith|
|2003||Michael Howard||Michael Howard|
|2005||David Davis||David Cameron|
|2016||Boris Johnson||Theresa May|
OddsMonkey spokesman Peter Watton commented: “Boris has dominated this market for weeks, his campaign has been calm and collected and whilst he is grabbing headlines for policies, his nearest rival Michael Gove is discussing his drug habit and seeing his odds tumble to such an extent that he appears out of the running with odds of 20/1.
“But as we have said, beware the favourite is the mantra that should not be ignored, with only Michael Howard ever winning the Conservative Party leadership election when entering as favourite.
“Johnson is now into his shortest price ever at 4/9, which is a probability of nearly 70%.”
Selected odds on next Prime Minister/Conservative Party Leader
Boris Johnson @ 4/9
Jeremy Hunt @ 4/1
Andrea Leadsom @ 8/1
Sajid Javid @ 20/1
Michael Gove @ 20/1
Dominic Raab @ 28/1
Rory Stewart @ 33/1
Matthew Hancock @ 150/1
Esther McVey @ 150/1
Mark Harper @ 200/1
*Odds correct at time of writing
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