Penny Mordaunt is among the favourites with bookies to replace Boris Johnson as the next Conservative leader and Prime Minister following his resignation on Thursday.
She is currently second in the running with bookmakers Coral at 9-2 - just behind Ben Wallace who is the favourite betting at 5-2.
With Ladbrokes, Penny holds the third spot for the post at 6-1 odds, just behind former chancellor Rishi Sunak.
