Runners and riders: the latest odds on the candidates who could become the next PM

FORMER Brexit Secretary Dominic Raab is currently the favourite to succeed Theresa May as Prime Minister with odds of 6-1, followed by Boris Johnson at 13/2.

Raab was 8-1 yesterday and 10-1 last week while the former Foreign Secretary has seen no change in his odds since mid October.

There’s been some steady support over the past 2-3 weeks for David Davis, Raab’s predecessor at the Department for Exiting the European Union who is currently in joint third place at 7/1 along with Jeremy Hunt and Sajid Javid, according to Betway.

Davis was at 10/1 a month ago.

The backbencher with the highest odds is Jacob Rees-Mogg, leader of the European Research Group of Tory MPs on 9/1 which ties him with Environment Secretary Michael Gove.

International Development Secretary Penny Mordaunt is seen as the most likely female cabinet minister to replace Mrs May, on odds of 12/1 compared to 25/1 for Leader of the House of Commons Andrea Leadsom, 66/1 for Esther McVey, the former Work and Pensions Secretary who resigned yesterday and 100/1 for Liz Truss, chief secretary to the Treasury.

Arch remainer Amber Rudd is considered as likely as Leadsom as a potential successor on 25/1, which is also on a par with Defence Secretary Gavin Williamson.

Tom Tugendhat, chairman of the Foreign Affairs Committee, is the most junior candidate with the highest odds on 25/1, while Chancellor Philip Hammond’s chances are put at 50/1 along with deputy party chairman James Cleverly.

Priti Patel also has odds of 50/1 along with Scottish Tory leader Ruth Davidson, even after she ruled herself out of the race in September.

The bookies are offering odds of 66/1 on Culture Secretary Matt Hancock and Rory Stewart while Transport Secretary Chris Grayling appears a long shot on 100/1 along with Liam Fox, Tobias Ellwood - and even former Chancellor George Osborne, who has unexpectedly made it into the running in recent weeks.