Stephen Woolfe has been ruled "ineligible" to stand in the UKIP party's leadership contest, having submitted his froms to run 17 minutes late on Sunday evening.Woolfe had previously been seen as the clear favourite, especially with the bookies, with his odds falling to as low as 1/6. However, the party's NEC voted in a clear majority to exclude the MEP.
His odds of being the next UKIP leader are still around 6/1 with a couple of bookies, with the chance of a vote of no confidence in the NEC.
That looks unlikely though and the other runners for the leadership are Diane James, Lisa Duffy, Jonathan Arnott and Bill Etheridge. Of those, Diane James is the new favourite at best odds of 4/11. Lisa Duffy is next in the pecking order at 11/2, Jonathan Arnott 8/1 and Bill Etheridge at a massive 50/1.