It’s official, 48 letters of no confidence have been submitted to the chairman of the 1922 committee, Graham Brady, triggering a vote of no confidence in the Prime Minister this evening. If she loses this, she will be required to stand down and a Conservative leadership election will begin.

As James reports on Coffee House, already the next potential leaders of the Tory party are jostling to take Theresa May’s place. But any Tory MP who wants to take the Conservative Party throne has a tough ride ahead. First, they have to be popular among their fellow MPs, in an internal election that narrows the process down to two candidates. Then, after hustings, they have to win a vote among Conservative grassroots members.

So, who are the runners and riders to be the next Prime Minister of the United Kingdom? Below are the odds for the next permanent leader of the Conservative Party (courtesy of Ladbrokes):

Boris Johnson

5/1

Dominic Raab

5/1

Michael Gove

7/1

Jeremy Hunt

8/1

Sajid Javid

8/1

Amber Rudd

16/1

Jacob Rees-Mogg

16/1

David Davis

20/1

Andrea Leadsom

25/1

Geoffrey Cox

25/1

Penny Mordaunt

25/1

David Lidington

33/1

Esther McVey

33/1

Gavin Williamson

50/1

Matthew Hancock

50/1

Philip Hammond

50/1

Priti Patel

50/1

Tom Tugendhat

50/1

James Brokenshire

66/1

James Cleverly

66/1

Jo Johnson

66/1

Johnny Mercer

66/1

Liz Truss

66/1

Ruth Davidson

66/1

Adam Afriyie

100/1

Andrew Mitchell

100/1

Anna Soubry

100/1

Ben Bradley

100/1

Ben Gummer

100/1

Bernard Jenkin

100/1

Brandon Lewis

100/1

Chloe Smith

100/1

Chris Grayling

100/1

Claire Perry

100/1

Damian Green

100/1

Damian Hinds

100/1

David Gauke

100/1

Dominic Grieve

100/1

Eddie Hughes

100/1

Edward Vaizey

100/1

George Freeman

100/1

George Osborne

100/1

Graham Brady

100/1

Greg Clark

100/1

Greg Hands

100/1

Heidi Allen

100/1

Jesse Norman

100/1

Julia Lopez

100/1

Julian Smith

100/1

Justine Greening

100/1

Karen Bradley

100/1

Kemi Badenoch

100/1

Kit Malthouse

100/1

Kwasi Kwarteng

100/1

Liam Fox

100/1

Lucy Frazer

100/1

Mark Harper

100/1

Michael Fallon

100/1

Nick Boles

100/1

Nick Herbert

100/1

Nicky Morgan

100/1

Nigel Huddleston

100/1

Owen Paterson

100/1

Philip Lee

100/1

Ranil Jayawardena

100/1

Richard Harrington

100/1

Rishi Sunak

100/1

Robert Halfon

100/1

Rory Stewart

100/1

Ross Thomson

100/1

Sam Gyimah

100/1

Sarah Wollaston

100/1

Seema Kennedy

100/1

Stephen Crabb

100/1

Steve Baker

100/1

Steve Barclay

100/1

Tobias Ellwood

100/1

Tracey Crouch

100/1

Victoria Atkins

100/1

Alan Duncan

150/1

Caroline Spelman

150/1

Daniel Hannan

150/1

Grant Shapps

150/1

Iain Duncan-Smith

150/1

Ken Clarke

150/1

Sarah Newton

150/1

Will Quince

150/1

Zac Goldsmith

150/1

Alan Mak

200/1

Alun Cairns

200/1

Andrea Jenkyns

200/1

David Cameron

200/1

Gillian Keegan

200/1

Maria Miller

200/1

Nigel Farage

200/1

Patrick McLoughlin

200/1

Philip Davies

200/1

William Hague

250/1