The race to replace Liz Truss as Prime Minister is under way after she announced her resignation on Thursday.
A new leader of the Conservative Party will be in place by Friday, October 28, leaving any candidates just a week to win over MPs and the party membership.
Bookmakers are placing Rishi Sunak as the runaway favourite, after Boris Johnson said he would not stand in the contest.
Betting odds for Penny Mordaunt, the only other declared candidate in the race, have taken a sharp downturn.
Our live tracker updates every hour with aggregated odds from multiple leading bookies.
