*All prices are bang up to date with our snazzy widgets, while odds in copy are accurate at time of publishing but subject to change.
The mercury is rising in the UK and the battle for the Conservative leadership – and to be the next Prime Minister – is set to heat up in the coming days.
After a string of Government ministers quit last week, Boris Johnson took the hint from his own MPs and called it quits as Tory bigwig, sparking a race to take his job and become the top dog of British politics.
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Despite being less than seven days since BoJo announced he’d soon be walking away from 10 Downing Street, we’ve already seen plenty of glitzy campaign launches and pledges from the candidates. It’s almost as if they’ve been lying in wait for their chance…
You’ll find details of the Conservative leadership candidates, odds and the timetable below.
Conservative leadership candidates
At the time of writing on Tuesday afternoon, a total of 10 candidates are in the mix for the Conservative leadership after Transport Secretary Grant Shapps ditched his bid in favour of supporting Rishi Sunak.
Kemi Badenoch (Former Equalities Minister)
Suella Braverman (Attorney General)
Rehman Chishti (Foreign Office Minister)
Jeremy Hunt (Former Foreign Secretary)
Sajid Javid (Former Health Secretary)
Penny Mordaunt (Trade Minister)
Rishi Sunak (Former Chancellor)
Liz Truss (Foreign Secretary)
Tom Tugendhat (Foreign Affairs Committee Chair)
Nadhim Zahawi (Chancellor)
Conservative leadership odds
Rishi Sunak has raced clear of his rivals in terms of backing from his fellow Conservative MPs and the former Chancellor of the Exchequer heads the market.
Former Splash contestant Penny Mordaunt is next in the betting after topping an opinion poll of Tory members conducted by the Conservative Home website.
Conservative leadership timetable
The 1922 Committee – the powerful backbench group of Tory MPs – set the timetable for the Conservative leadership election in a meeting at the start of this week.
A candidate needs the support of 20 MPs to get on the ballot and those who receive fewer than 30 votes in the first round of voting will be eliminated. There will be further rounds of voting, with the candidate securing the fewest votes being knocked out, until only two are left.
Conservative members will then vote for their preferred candidate, with the winner becoming the party leader and Prime Minister of the UK.
Tuesday, July 12 (Nominations close at 18:00)
Wednesday, July 13 (First round of voting among Tory MPs)
Thursday, July 14 (Second round of voting among Tory MPs)
Monday, July 18 (Third round of voting among Tory MPs, if required)
Thursday, July 21 (Deadline for whittling down to the final two candidates)
Monday, September 5 (Next Conservative leader announced)