Former chancellor Riski Sunak is the current favourite to be the next Prime Minister, according to the latest Betfair odds.
The Richmond MP quit as Chancellor of the Exchequer last week after Boris Johnson was forced into a humiliating apology over his handling of the Chris Pincher row. It emerged Mr Johnson had forgotten about being told of previous allegations of "inappropriate" conduct.
Mr Johnson resigned as Prime Minister on Thursday after he was told he had lost the confidence of the Tory party. He said he will stay in place until a new Conservative leader is selected, which could take several weeks. The hunt is now on to find the next person for the job.
