Andrea Leadsom overtakes Michael Gove to become second favourite in Tory leadership race

As Michael Gove finished speaking, the bookmakers have reported that Andrea Leadsom has overtaken the Justice Secretary when it comes to betting on who will be the next Tory leader. Theresa May remains the favourite at 1/3, with Leadsom at 7/2 and Gove at 12/1.

Now of course the bookies are not clairvoyants and can get elections—and referendums—very wrong indeed.