Betfair has placed UK Home Secretary Theresa May as 11/8 market favourite to replace David Cameron as Conservative Party leader.
With the Tory party in political turmoil following last Friday’s leadership resignation of David Cameron, May becomes the market favourite having been branded as the ‘Stop Boris’ candidate.
‘Leave’ campaign leader Boris Johnson has been placed as a close 11/5 second favourite. However, this week multiple news sources have reported that the divided Tory party may choose not to back the former Mayor of London.
May’s candidacy to be the UK’s next Prime Minister, has been supported by early opinion polls, which have detailed her to be the most favourable choice by the public. Other runners in the market include Andrea Leadsome at 13/1, Liam Fox at 14/1 and Jeremy Hunt – who today confirmed he was considering to stand – at 35/1.
Commenting on the market Colm Rock, Politics Trader for Betfair, said:
“This market has really kicked into action in recent days with Theresa May and Boris Johnson battling it out for favouritism since David Cameron’s resignation and now Theresa May is 11/8 favourite to take over a Conservative party in desperate need of leadership. Boris Johnson is now the 11/5 second favourite.”
Betfair Next Tory Leader
- Theresa May 11/8
- Boris Johnson 11/5
- Andrea Leadsom 13/1
- Liam Fox 14/1
- Stephen Crabb 17/1
- Jeremy Hunt 35/1
- Michael Gove 94/1
- David Davis 89/1
Nominations for the Tory party leadership open on Wednesday and close the following day, with a new leader in place by September 2.