In Chancellor Rishi Sunak's resignation letter to Boris Johnson on Tuesday night, he wrote that he recognised in stepping down it might be his last ministerial job. However, not according to the bookies.
They now make the former Chancellor favourite to take over from Johnson as Prime Minister at odds of 4/1. But with the starting pistol to the race only just fired, it's a rapidly changing picture.
Just this morning Penny Mordaunt was favourite at 9/2 with Sunak at 13/2. According to Oddschecker which analyses all the bookies odds, her best odds are currently 5/1 on William Hill.
