Theresa May favourite to lead Conservative Party, with four other candidates in the running
Boris Johnson is the surprise absentee from the list of candidates to compete for the role of the Conservative Party leader, with the former Mayor of London deciding against standing.
It had been thought that Michael Gove would get behind a Johnson bid although the former has instead stood himself, along with Theresa May and three other candidates who will hope to replace David Cameron.
Theresa May, 4/6 with Ladbrokes
May is the current Home Secretary and has seemingly played her hand very well. She was tentatively in favour of Remain with regard to the EU Referendum although not to the extent where it has politically damaged her.
On Thursday, she delivered a straight-talking speech outlining her credentials, explaining that the Brexit vote was final and that no General Election was required this year.
Michael Gove, 7/2 with bet365
After helping the Leave campaign succeed in the EU referendum, Gove has now left Boris Johnson’s side and is likely to end up in a straight shootout with May for the post of Conservative Party leader and Prime Minister.
Gove is the current Secretary of State for Justice, having previously been an unpopular Education Secretary and he is likely to fall short even with a fair amount of backing.
Andrea Leadsom, 5/1 with William Hill
Leadsom is relatively unknown outside of her own constituency and Westminster circles, although the Energy Secretary has strong credentials and a reasonable amount of support from within her own party.
She was also a prominent member of the Leave campaign and appeared alongside Boris Johnson at Wembley to present a case for exiting the EU which ultimately succeeded.
Stephen Crabb, 20/1 with Paddy Power
Crabb will fly the flag for the working classes, having come from a modest background although it would be an amazing achievement if he was able to garner the sufficient support to get over the line.
Sajid Javid has backed Crabb as part of a double act and, while Javid brings business and negotiation clout, it’s unlikely that they will be there at the death.
Liam Fox, 40/1 with bet365
Slightly puzzling that Fox has thrown his hat into the ring although the former Defence Secretary did the same thing in 2005 when David Cameron was eventually elected as leader.