Following the announcement that Liz Truss will resign as Prime Minister, speculation has come flooding in on who will be her replacement.
After a disastrous string of economic policies which threw markets into turmoil, Ms Truss agreed to a leadership election with the chairman of the 1922 Committee, Sir Graham Brady. She also confirmed that the leadership election will be held within the next week.
It means that before the end of the month, the Conservative Party will have a new leader and the country, a new Prime Minister. Speaking to reporters outside of Downing Street, Ms Truss said: "I recognise… given the situation I cannot deliver the mandate on which I was elected by the Conservative Party.”
Read more: Inside the chaotic 44 days of Liz Truss as Prime Minister - and how it all fell apart
However, it is not yet clear who will take over as leader of the Tories. But we can make some safe guesses as to who has the highest chance.
Furthermore, we can check to see what the bookies think with their exclusive insider knowledge. These are the latest odds on who will succeed Liz Truss, according to betfair.com:
- Rishi Sunak: 5/6
- Penny Mordaunt: 5/2
- Jeremy Hunt: 13/2
- Ben Wallace: 7/1
- Boris Johnson: 17/2
- Michael Gove: 33/1
- Grant Shapps: 14/1
- Theresa May: 14/1
- Kemi Badenoch: 20/1
- Suella Braverman: 33/1
- Sajid Javid: 33/1
- Tom Tugendhat: 66/1
- Priti Patel: 40/1
- James Cleverly: 33/1
- Dominic Raab:40/1
- Nadhim Zahawi: 80/1
- Kwasi Kwarteng: 100/1
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