Who will replace Boris Johnson? Latest odds for the next prime minister

Tory leadership candidates are vying for the job as they try to replace Boris Johnson as Prime Minister.

Mr. Johnson announced he would step down on Thursday following a flurry of ministerial resignations and cabinet walkouts.

However, he said he would stay on until the Conservative Party was able to elect his successor.

It could take several weeks and some within the party are calling for the process to start as soon as possible, rather than in the fall - Mr Johnson has vowed to stay until then.

Here are the latest odds from BetFair Exchange on who is the favorite to win the Tory crown.

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Penny Mordaunt, MP for Portsmouth North and Minister for International Trade: 5/1

Rishi Sunak, MP for Richmond (Yorkshire) and former Chancellor: 6/1

Ben Wallace, MP for Wyre & Preston North and Defense Secretary: 13/2

Liz Truss, MP for South West Norfolk and Foreign Secretary: 8/1

Sajid Javid, MP for Bromsgrove and former Health Secretary: 1/9

< p>Nadhim Zahawi, MP and Chancellor of Stratford-on-Avon: 1/10

Jeremy Hunt, MP for South West Surrey and former Foreign Secretary: 13/1

< p>Tom Tugendhat, MP for Tonbridge and Malling: 15/1

Michael Gove, MP for Surrey Heath and former Leveling Secretary: 1/21

Sir Graham Brady, the chairman of the powerful 1922 committee of backbench Tories, has overall responsibility for organizing the leadership races.

The timing of a race is agreed by the Committee and Conservative Party HQ, with a new Conservative leader expected to be in place by the party conference in October.< /p>

The two Conservative MPs and members of the Conservative Party play a decisive role ...