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July 8, 2022

Boris Johnson has resigned as prime minister and leader of the Conservative Party and betting firms are readying themselves for the race to succeed him. Defence Secretary Ben Wallace is the favorite according to Sky Bet, followed by former chancellor of the exchequer Rishi Sunak, Trade Minister Penny Mordaunt, Foreign Secretary Liz Truss and former Health Secretary Sajid Javid. Lizzy Burden reports for Bloomberg Television from Westminster.