Bookies favourites as Tories seek new leader after crushing defeat

Lea Hogg July 5, 2024

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Bookies favourites as Tories seek new leader after crushing defeat

In the wake of the UK Conservative Party’s disintegration, a moment of introspection looms large amongst Conservatives with the question of whether they can ever muster the popularity needed for a resurgence. The betting markets, ever the barometer of public sentiment, have already begun speculating on the potential successors to the party’s leadership.

The names of Kemi Badenoch, (left photo above), Tom Tugendhat (top right, photo above), and Priti Patel (bottom right, photo above), are being bandied about as the top contenders. Intriguingly, Boris Johnson, despite his current status as a non-MP, has also found a place on this speculative list, underscoring the unpredictability of political fortunes.

Given the circumstances, the volatility that characterizes the current political climate implies a precarious position for the Labour Party. If it falls short of fulfilling its manifesto commitments, it could very well find itself facing a defeat as monumental and crushing as the one the Tories have just experienced. Keir Starmer stands on shaky ground, with no assurances that the political figure landing the knockout punch may eventually be no other than Nigel Farage.

The latest betting odds for the next leader of the UK Conservative Party

Candidate	Odds
Kemi Badenoch	7/2
Priti Patel	5/1
Tom Tugendhat	5/1
Suella Braverman	10/1
Penny Mordaunt	9.6/1
James Cleverly	15.5/1
Nigel Farage	9/1
Robert Jenrick	8/1
Jeremy Hunt	9/1
Victoria Atkins	10/1
Boris Johnson	14/1
David Cameron	20/1
Steve Barclay	25/1
Gavin Williamson	40/1
Gillian Keegan	50/1
Claire Coutinho	50/1
Oliver Dowden	50/1
David Frost	66/1

Source: SiGMA

British voters are clearly concerned about the state of the UK, a sentiment that has fuelled the dramatic electoral swings since 2008.

Downfall of the Tories . Liz Truss wiped out

The UK political landscape is the heightened volatility of British voters, who are increasingly open to exploring their options. This trend is the offspring of the financial and the weak UK economy, the scars of which are visible in the country’s current sluggish productivity and growth.

Bye Bye #LizTruss you’ll sadly be remembered every month via my mortgage bill, many thanks ????
Now off ya pop ????#GeneralElection2024?#ElectionResults #StopTheTories

pic.twitter.com/6yiu9GFuzp
— Barrington Mole (@BarringtonMole) July 5, 2024

A brave smile, awaiting to hear about the tides of change, Liz Truss’ unforgettable moment

In the aftermath of the recent Tory defeat, a result that was largely anticipated, the political landscape has been left with a number of high-profile figures who failed to make their mark. Among them is Liz Truss, whose prospects of becoming the next leader of the Conservative Party seem to be virtually non-existent.

Despite her brief tenure as Prime Minister, a period marked by problems and uncertainty, it comes as no surprised that the odds set by bookmakers do not favour her.

This is a clear reflection of the current political climate and the voice of the British public, which has been resoundingly heard. The electorate’s verdict at the polls leaves little room for Truss’s political comeback, casting a shadow over her future within the Conservative Party. Yet Truss will always have a place in history, albeit for being among the top three shortest-serving Prime Ministers.

Fickle nature of politics

The story of Liz Truss is a vivid illustration of the unpredictable nature of politics, the fact that political fortunes can rise and fall rapidly, and that today’s leader may not necessarily be tomorrow’s frontrunner. As we look ahead, the question remains: who will rise from the ashes of this defeat to lead the Conservative Party into its next chapter? Only time will tell.