July 5th 2024.
The 2024 General Election has come and gone, leaving a trail of political upheaval in its wake. Rishi Sunak, who served as prime minister for the Conservative Party, has resigned from his position after a devastating defeat. Despite winning his seat in Richmond and Northallerton with a large majority, Sunak has taken responsibility for the party's failure and stepped down as its leader. In his place, Keir Starmer of the Labour Party has been elected as the new prime minister, securing a significant majority and leading his party to victory.
As the nation eagerly awaits updates on the aftermath of the election, one question looms large - who will take the reins of the Conservative Party now that Sunak has stepped down? While much of the focus is currently on Labour and their upcoming policies, the Tories are also regrouping and preparing for their next move. It won't be long before they vote on a new leader who will lead the charge against Starmer's government and their decisions.
Sunak's resignation was announced during a rain-soaked speech, adding to the dramatic atmosphere of the occasion. With only a couple of seats yet to be declared, the Conservatives currently hold 120 seats in government, making them the official opposition to the new Labour government. The new leader of the party will have the important task of challenging Starmer and his policies, including engaging in weekly debates at Prime Minister's Questions.
It feels like just yesterday that the last Conservative leadership race took place in 2022, with Liz Truss emerging as the winner before stepping down shortly after. Sunak, who came in second place, was then thrust into the role of prime minister. While some of the contenders from the previous race have lost their seats, such as Penny Mordaunt, there are still some familiar names in the mix as the Conservatives contemplate their future.
As speculation runs rampant, several pollsters and betting companies have already started to predict who is most likely to take over as the next leader of the Conservative Party. However, some of the names being thrown around are not eligible for the position. For instance, David Cameron, who is no longer an MP, has been given odds of 14/1 by Paddy Power. Similarly, Boris Johnson and Nigel Farage, with odds of 14/1 and 17/2 respectively, are also not eligible unless they defect from their current parties.
For those who are eligible, the odds are as follows: Kemi Badenoch, who has retained her seat, has odds ranging from 9/4 to 5/2 across various bookmakers. Tom Tugendhat consistently has 7/2 odds, while former Home Secretary Priti Patel is given a 11/2 chance by bet365. Jeremy Hunt, who previously served as Chancellor, has odds of 15/2 and 13/2 from different bookies. Robert Jenrick has 13/2 odds, while Suella Braverman, another former Home Secretary, has odds of 15/2 and 13/2 from different bookmakers.
As the Conservatives continue to assess their options and prepare for the future, the political landscape remains uncertain. Only time will tell who will emerge as the new leader and how they will fare against Keir Starmer and his Labour government. Until then, the nation watches with bated breath as the latest developments unfold.
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