Jacob Rees-Mogg’s odds slashed into 6/1 to become next Tory leader

Jacob Rees-Mogg is now the most popular candidate to become the next permanent leader of the Conservatives, according to our latest odds.

Rees-Mogg entered the market as a 100/1 outsider but a surge in popularity has seen his odds slashed into 6/1 joint-second favourite.

Otherwise known as the ‘Honourable Member for the 18^th Century’, the Old Etonian has recently boosted his following among the younger generation by joining Instagram.

With reports hinting Theresa May could exit 10 Downing Street by 2019, Rees-Mogg has become a punters favourite, with more wagers placed on him than any of the other contenders.

However, Brexit Minster David Davis remains the favourite to oust the current PM at 7/2.

Chancellor of the Exchequer Phillip Hammond is 6/1 while Boris Johnson has moved out to 8/1.

Ruth Davidson, leader of the Conservative Party in Scotland, is an outside bet at 16/1.

At the moment though, it appears Moggmania is sweeping the country.

Ladbrokes Latest Betting:

Next permanent leader of the Tory Party

David Davis – 7/2

Jacob Rees-Mogg – 6/1

Philip Hammond – 6/1

Boris Johnson – 8/1

Amber Rudd – 10/1

Damian Green – 16/1

Ruth Davidson – 16/1

Michael Gove – 20/1

Sajid Javid – 20/1

25/1 bar

Click here for all the latest Politics markets.

All Odds and Markets are correct as of the date of publishing