Who should be the next Tory leader? (Image: GETTY)
Rishi Sunak has had a tumultuous night despite holding onto his own seat in Richmond and Northallerton. And now he has announced his resignation as Tory Party leader.
Speaking outside Downing Street the former prime minister apologised to Conservative candidates and campaigners, saying: "I'm sorry that we could not deliver what your efforts deserved."
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His resignation comes after 12 Cabinet ministers have been ousted from their constituencies and the party saw losses across the UK.
Among the big Tory figures to lose their seats were Penny Mordaunt in Portsmouth North, Grant Shapps in Welwyn Hatfield and Johnny Mercer in Plymouth Moor View.
Labour has secured over 34 percent of the vote share so far, surpassing the threshold to win the General Election, while Reform split the Tory vote and saw a record 4 MPs returned to power.
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With Mr Sunak standing down, that now leaves a gap to fill, and already favourites have emerged.
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Currently Kemi Badenoch is favoured by bookmakers to take over the role at 2/1, followed by Tom Tugendhat at 7/2 and Priti Patel at 5/1.
Alex Apati of Ladbrokes said: "Kemi Badenoch continues to head the betting to replace Rishi, but we're not yet ruling out a return to the top for a familiar face, with Boris Johnson and David Cameron among the top 10 in the betting."
Current odds on next Tory leader
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Kemi Badenoch - 2/1 Tom Tugendhat - 7/2 Priti Patel - 5/1 Jeremy Hunt - 7/1 James Cleverly - 8/1 Robert Jenrick - 8/1 Suella Braverman - 8/1 Boris Johnson - 10/1 Nigel Farage - 10/1 David Cameron - 16/1
With election results painting a clear picture for the Conservatives, could they opt for old faces in David Cameron or Boris Johnson were they to be made MPs again? Or could a new leader transform the party?
Who do you think should be the next Tory leader? Vote in our poll below.
If you can't see the poll, click here.
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