Boris Johnson learned his fate on Monday night after a number of his fellow Conservative MPs balloted for a vote of no confidence in his leadership. Despite 148 Tory MPs voting against him, Mr Johnson will remain as Prime Minister after 211 ministers voted in his favour which was enough to secure his position, for now.
A large number of Tory MPs balloted for a vote of no confidence following on from the various recent scandals, mainly the Prime Minister's handling of partygate. Despite winning their confidence in what was a substantial Tory rebellion, Boris Johnson's long-term future as the UK's PM is now in question.
Even before the no-confidence vote on May 6, Boris Johnson, who assumed office in 2019, was odds-on at 4/9 to leave No 10 according to Betfair.
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Mr Johnson claimed he had won a 'convincing result', saying: "I think this is a very good result for politics and for the country, it's a convincing result, a decisive result and what it means is that as a Government we can move on and focus on the stuff that I think really matters to people.
"We now need to come together as a Government, as a party, and that is exactly what we can now do."
But calls have surged for him to resign, with Labour's deputy leader, Angela Rayner, saying : "Boris Johnson is now 'mortally wounded' despite winning the vote among Conservative MPs, calling him 'arrogant, dismissive, a liar'.
Bookmakers have now decided who they think the next person to occupy No.10 is likely to be. Here are the latest odds from Bet365:
Keir Starmer
Odds: 9/2
Labour leader Keir Starmer is seen as the most likely replacement for the next Prime Minister if he wins the next general election.
Jeremy Hunt
Odds: 6/1
Former foreign and health secretary Jeremy Hunt is a fellow Tory and one of the frontrunners to replace Boris Johnson.
Penny Mordaunt
Odds: 15/2
Penny Mordaunt is third in the running to become the next PM. She is part of the conservative party and is currently serving as Minister of State for Trade Policy.
Liz Truss
Odds: 8/1
Also a Tory MP, Elizabeth Truss has served as Foreign Secretary since 2021.
Tom Tugendhat
Odds: 15/2
Tom Tugendhat has been an MP continuously since May 2015 and is currently acting as chairman of the foreign affairs select committee.
Rishi Sunak
Odds: 8/1
The Chancellor is also among the favourites to become to the next Prime Minister. Rishi Sunak has served as Chancellor of the Exchequer since 2020, having previously standing as Chief Secretary to the Treasury from 2019 to 2020.
Ben Wallace
Odds: 12/1
Ben Wallace is a Tory MP and former soldier currently serving as Secretary of State for Defence, which he has done since July 2019 .
Nadhim Zahawi
Odds: 12/1
Also in the running for the next PM is Nadhim Zahwai, who has served as Education Secretary since September 2021.
Sajid Javid
Odds: 20/1
Sajid Javid has had a number of roles within the Conservative party. He has been the Health Secretary since June 2021, but before then he was Home Secretary and later Chancellor of the Exchequer.
Dominic Raab
Odds: 22/1
Also in the top 10 favourites to replace Boris Johnson is Dominic Raab, who has served as Deputy Prime Minister and Secretary of State for Justice and Lord Chancellor since 2021.