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LONDON – Liz Truss has stepped down as UK Prime Minister after a short and chaotic tenure in which she announced a massive package of tax cuts in the face of a market crash. .

Sky News reports that Rishi Sunak and Penny Mordaunt are two candidates for Britain’s last leadership contest this year and are believed to be running to become the country’s next prime minister. There is

Separately, the Guardian’s political editor reported that former minister Michael Gove was “ruled out” as leader.

Betting on the prime minister’s resignation continued before she announced her resignation on Thursday.

Sunak, who ran against Truss in this summer’s Conservative leadership election, remains a Skybet favourite, with bookmakers paying £7 (S$11) for every £4 bet on the former prime minister. .

New Prime Minister Jeremy Hunt bet on both Mr Hunt and Ms Mordaunt, Speaker of the House, on April 1 and climbed the list of favorites less than a week after taking office.

But Mr. Hunt said he wasn’t standing. He reiterated his position to Sky News earlier in the week.

Keir Starmer falls short of the list of front-runners, suggesting bookmakers favor a change within the Conservative Party over a general election.

The bookmakers are also seeing speculation that former prime ministers Boris Johnson and Theresa May will return to number 10, with better odds than the current cabinet members excluding Mordaunt and Secretary of Defense Ben Wallace.

Odds from political bets should be taken with a big pinch of salt.In market terms, they reflect the views of individual investors rather than professional analysts.Reuters, Bloomberg Liz Truss resigns as UK prime minister: who is vying to replace her?, latest world news

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