Former Chancellor Sajid Javid is currently the bookies favourite to take over from the sacked Kwasi Kwarteng.
Kwarteng was ousted earlier today following his botched mini-Budget which has left markets reeling.
And former Chancellor Javid is one of a number of familiar names to be linked with the role.
Nadhim Zahawi (2/1) and Rishi Sunak (7/1), both former Chancellors themselves, are both in the mix for the role.
While Housing Secretary and Truss loyalist Simon Clarke is also tipped to be in the running at 4/1, his predecessor Micael Gove comes in at 14/1.
Jeremy Hunt and Mel Stride have both also been linked with the role.
We’ll update these odds until the appointment.
- Sajid Javid: 5/6 (was 6/1)
- Nadhim Zahawi: 2/1
- Simon Clarke: 4/1
- Jeremy Hunt: 6/1
- Rishi Sunak: 7/1
- Mel Stride: 9/1
- Andrea Leadsom, Steve Barclay: 10/1
- Therese Coffey: 12/1
- Michael Gove, Penny Mordaunt: 14/1
- Chris Philp, James Cleverly, John Redwood: 16/1
- Jacob Rees-Mogg 20/1
- Kemi Badenoch: 25/1
- Boris Johnson: 50/1
The runners
Sajid Javid
Javid has been vocal in his criticism of the Government’s handling of the mini-Budget. He was also the first minister to resign in what turned into the mass resignation which led to the downfall of Boris Johnson.
Simon Clarke
Clarke, the current Housing Secretary, is a known Truss loyalist. He served as Chief Secretary to the Treasury from 2021 to 2022.
He has been in his current role since 6th September 2022.
Nadhim Zahawi
The Chancellor of the Duchy of Lancaster held the Chancellorship following the resignation of Rishi Sunak.
He has been keen to quell dissent in Tory ranks following the protracted leadership campaign and the fallout from the mini-Budget.
Rishi Sunak
Former Chancellor Sunak has been linked with the role. It would mark a reversal for Truss who had previously decided against giving him a role in her Cabinet.
The appointment of Sunak could help repair the rift in the party following the leadership campaign.
Michael Gove
Former Housing Secretary Gove was sacked by the ousted Boris Johnson in his last days as Prime Minister.
Having retired to the back benches Gove has been critical of the Government’s handling of the economic crisis. With long odds a return to frontline politics looks unlikely.
