Theresa May is the new favourite to become the next Conservative Party leader
Theresa May has become the front-runner to lead the Conservative Party, with the current Home Secretary now 11/10 with Sky Bet to replace David Cameron who announced he was stepping down as a result of the EU Referendum vote.
With Boris Johnson drifting in the market, it appears that the former Mayor of London will not get his wish when it comes to becoming the next Prime Minister, with Michael Gove deserting his campaign to the extent that Johnson is now a 4/1 chance with Ladbrokes to win the leadership.
May can count on plenty of support, with Gove available at 4/1 himself after tossing his hat in the ring. Andrea Ledsom has been the subject of some support and she’s 10/1 with bet365, while Stephen Crabb is a 16/1 shot.
David Cameron is stepping down as leader of the Conservative Party, with the Prime Minister making a quick decision after the United Kingdom voted for the country to leave the European Union.
It seemingly paves the way for Boris Johnson to move into number 10 Downing Street, with the former Mayor of London now even money with William Hill to replace Cameron and take the Conservative Party into a new era.
Johnson was the leader of the Leave campaign which claimed an unlikely victory on Thursday 23 June, with large parts of England and Wales declaring that they no longer wanted to be an EU member.
Theresa May is also someone who might be interested in the leadership, with William Hill going 7/2 about the Defence Secretary potentially following in the footsteps of Margaret Thatcher to become a female Prime Minister.
Michael Gove is an 11/2 chance with bet365 and certainly played a key role in the Leave campaign, while Andrea Ledson is 12/1 although whether she has enough popular support is another matter.
It has been reported that Nicky Morgan is sounding out about the possibility of taking the Conservative Party leadership, although odds of 40/1 suggest that the Education Secretary isn’t viable to be elected in.
Priti Patel is a 20/1 chance with Paddy Power although whether a female Muslim candidate could potentially become Conservative Party leader is open to question, while Stephen Crabb is also someone who doesn’t have the credentials.
David Cameron said: “I fought this campaign in the only way I know how, which is to say directly and passionately what I think and feel – head, heart and soul.
“I held nothing back, I was absolutely clear about my belief that Britain is stronger, safer and better off inside the European Union and I made clear the referendum was about this and this alone – not the future of any single politician including myself.
“But the British people have made a very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction.
“I will do everything I can as Prime Minister to steady the ship over the coming weeks and months but I do not think it would be right for me to try to be the captain that steers our country to its next destination.
“This is not a decision I’ve taken lightly but I do believe it’s in the national interest to have a period of stability and then the new leadership required.
“There is no need for a precise timetable today but in my view we should aim to have a new prime minister in place by the start of the Conservative Party conference in October.
“Delivering stability will be important and I will continue in post as Prime Minister with my Cabinet for the next three months”.