Next Prime Minister Odds: Rishi Sunak into favourite following a dramatic day for Boris Johnson

Next Prime Minister Odds: Rishi Sunak into favourite following a dramatic day for Boris Johnson

Rishi Sunak is a huge market mover tonight, shortening from 10/1 to 10/3 to be the next Prime Minister.

Several bookmakers have priced the former Chancellor as favourite to replace Boris Johnson as Prime Minister (10/3 with bet365) following his and Health Secretary Sajid Javid’s resignation from cabinet.

Javid’s letter said that the PM had lost his confidence and that he believes the public are concluding that the government is "neither popular nor acting in the national interest".

Sunak soon followed, echoing his ex-colleague that the government had “lost their confidence” and “expect the government to be conducted properly, competently, and seriously”.

The 42-year-old was 10/1 generally in the market pre-resignation, but his departure from cabinet has seen him cut into favourite to replace Johnson.

Sunak has taken 20% of bets staked on oddschecker in the past 24 hours to take over next from Prime Minister Boris Johnson. 

Sky Bet have priced Boris Johnson’s exit date for 2022 at 1/7 (previously 4/5) following the news breaking today.

Penny Mordaunt has emerged as the general second favourite to become next PM, priced at 7/1 with a couple of bookmakers.

Fellow Tory MP Jeremy Hunt (10/1 best price) is the second most backed on oddschecker today with 16% of bets backing him to next lead the country.

The news of the former cabinet duo’s departure came minutes after Boris Johnson had admitted to knowing of allegations against deputy chief whip Chris Pincher of sexual misconduct. 

Next Prime Minster odds 

Rishi Sunak Best Price 4/1 -> Worst Price 5/2
Penny Mordaunt Best Price 7/1 -> Worst Price 6/1
Jeremy Hunt Best Price 8/1 -> Worst Price 6/1
Liz Truss Best Price 9/1 -> Worst Price 8/1
Ben Wallace Best Price 10/1 -> Worst Price 8/1
Nadhim Zahawi Best Price 12/1 -> Worst Price 21/2
Keir Starmer Best Price 16/1 -> Worst Price 14/1
Sajid Javid Best Price 13/1 -> Worst Price 8/1

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