John O'Neill

Bookies anoint Boris as next Tory leader

The betting markets are all-but-ready to crown Boris Johnson as the next Conservative leader. After it became clear that Leave had won, the implied chance of Johnson succeeding David Cameron spiked to over 50 per cent – while the chance of George Osborne taking over plummeted. But these are the same betting markets that predicted a 14 per cent chance of Leave yesterday – so while this market is fun to watch, you might prefer to leave your money in your pocket. A

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