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Boris Johnson
- Theresa May will step down as Conservative party leader in June and will be replaced by a new prime minister later this summer.
- Boris Johnson is the current frontrunner to succeed her, with far more support for his leadership among Conservative members - who get the final say - than any other candidate.
- However, frontrunners at the start of Conservative leadership campaigns have not typically won, so Johnson's victory is far from certain.
- Here are the runners and riders.
- Visit Business Insider's home page for more stories.
LONDON - Theresa May's decision to resign as leader of the Conservative Party in June has triggered a race to replace her as leader and prime minister.
Former foreign secretary Boris Johnson is currently the runaway favourite to take the keys to Downing Street. However, with a growing field of candidates his victory is far from certain.
Under Conservative party rules, Tory members of parliament must first whittle the list of candidates down to two, one of which is then selected by a ballot of Conservative party members.
The process will begin on June 10, with the final two selected by the end of June.
Party members will then subsequently vote for the leader in July, with the new leader taking their place at the end of the month.
Here are the runners and riders to replace Theresa May, alongside the latest odds from bookmakers.
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