The money is moving. Boris Johnson is now the bookies’ favourite to become the next leader of the Conservative Party. According to Ladbrokes he’s at 9/4, with Theresa May and George Osborne trailing him at 4/1 and 5/1, respectively.

Plainly, Boris reckons that David Cameron is on-course to lose the next election, or else he wouldn’t have made today’s annoucemnent. The turf accountants agree with him. They have Ed Miliband at 4/5 on to be the next Prime Minister, while BoJo stands at 5/1.

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Could it ever happen for BoJo, though? He’s 7/2 to make it to Number 10 ‘at any time’.

Talking of bets, our own columnist Toby Young will be pleased. He’s one step closer to cashing in on his drunken £15,000 dinner party bet that Boris will take the Tory crown. His round, Mr S feels.

Tags: Boris Johnson. Conservative, Ed Miliband, General Election 2015