The winners and losers of a dramatic night in politics on Tuesday (July 5) appear to be former Chancellor Rishi Sunak and - for now - Prime Minister Boris Johnson. The odds for Johnson quitting this year are 1/7 while several bookmakers now put Sunak as favourite to replace him at No 10 with odds of 10/3 with bet365.
The Chancellor and Health Secretary Sajid Javid resigned just after 6pm last night. Sunak 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 the Prime Minister. Sky Bet have priced Johnson’s exit date for 2022 at 1/7 (previously 4/5) following the news breaking, reports oddschecker.com.
