As Prime Minister David Cameron announced his resignation outside 10 Downing Street this morning, speculation started over who will replace him with bookies backing former London Mayor Boris Johnson as the favourite.
Bookmakers William Hill and Ladbrokes cut the odds on Johnson becoming the next Prime Minister with William Hill down to 4/5 from 11/4 and Ladbrokes down to 4/6 from 6/4.
PaddyPower have their odds on Johnson becoming PM after David Cameron at 8/11.
Boris Johnson was among several pro-Brexit MPs to sign a letter last night urging the prime minister to stay in his post whatever the outcome of the referendum.
However, Johnson made no comment to reporters as he left his London home this morning.
On Twitter, MPs had a mixed reaction to the news of David Cameron’s resignation with Conservative MP for Chelsea & Fullham Greg Hands tweeting: “David Cameron has been an exceptionally able Prime Minister and it has been an honour to serve in his Government the last 5 years.”
Meanwhile Labour and Co-op MP for Croydon North Steve Reed tweeted: “Cameron’s disastrous legacy – Britain weaker, poorer, more isolated, and facing another recession”
According to William Hill, more than £20 million was gambled on the referendum’s result with fixed odds.
The hashtag ‘#WhatHaveWeDone’ was trending on Twitter this morning.
Picture courtesy of BackBoris2012 Campaign Team, with thanks