Liz Truss is the bookies’ favourite to be Prime Minister after race narrows

British Foreign Secretary and Conservative leadership candidate Liz Truss walks outside Downing Street in London, Britain, July 19, 2022. REUTERS/ Henry Nicholls

LIZ Truss is the bookies’ favourite to be PM after a surge of support in the penultimate round of the Tory leadership election.

The Foreign Secretary now needs to win over the MP supporters of rising star Kemi Badenoch, who was yesterday eliminated from the race.

Liz Truss is the bookies’ favourite to be PM after a surge of support

Rising star Kemi Badenoch was eliminated from the race

Her 59 votes will now decide if Ms Truss or Trade Minister Penny Mordaunt runs off against Rishi Sunak, who is almost guaranteed his place in the final.

If Ms Truss gets enough backers to make the final two, polling suggests the Tory membership will select her ahead of Mr Sunak.

Mrs Badenoch’s run in the ­contest ended yesterday afternoon and followed an impressive week.

After a poll showed Ms Truss trouncing both Mr Sunak and Ms Mordaunt among Tory members, she is now even money to seize the keys to No10 on September 5.

But Mr Sunak supporters are confident he can turn it round in the eyes of the membership.

In yesterday’s 4th round of voting, Ms Truss picked up 15 MPs to command the support of 86 and was hoovering up backing from the Right of the party.

Ms Mordaunt increased her share by ten to sit on 92, while Mr Sunak gained an extra three votes to put him at 118 — still just shy of the number effectively guaranteeing him entry to the final phase.

But Tory MPs believe most of Mrs Badenoch’s support will move to Ms Truss or Mr Sunak, eliminating the faltering Mordaunt bid.

Yet dark arts and “vote swapping” could yet see Ms Mordaunt put through into the run-off, if Mr Sunak’s supporters think she would be easier for their man to beat.

And a number of Mrs Badenoch’s supporters were said to be part of an “anyone but Liz” movement, meaning they could vote for Ms Mordaunt to kick out Ms Truss.

One senior Tory MP said: “Lots of people who you would think were natural Liz supporters were backing Kemi because they think Liz is weird, wooden and can’t win an election. They will probably go to Rishi now.”

But last night the Truss camp were cock-a-hoop with the direction of travel.

Former Tory leader Iain Duncan Smith told HOAR: “There is no question in mind now that Liz has the ‘big mo’ (momentum).

“It’s not where you are at the start in these races, it is where you track in the latter stages, and Liz is accelerating while Rishi’s stalled.

“She’s got the steel and determination to do the job.”

Betting market-data firm Smarkets said: “Liz Truss goes into the final round of voting in third place, but the trading activity now suggests she’s the most likely overall winner at 48 per cent.

“She outperformed expectations in round four and is now given an 80 per cent chance of overhauling Penny Mordaunt.

“Despite Mordaunt gaining an extra ten votes, the odds suggest there is a 79 per cent chance she will be eliminated.

“Punters clearly expect the majority of Kemi Badenoch supporters to be transferring their votes to Truss.”

But other senior Tories warned Ms Truss must be stopped.

David Davis told LBC: “I’m the bigger supporter of tax cuts in the Tory party and even I think Liz Truss’s plan goes too far.”

He said he believed the Sunak campaign was shunting votes towards Ms Truss to get her into the final two to tee up a showdown between the two heavyweights.

Mr Davis said: “He’s got his four or five chief whips in a boiler room somewhere, reallocating them.”

Despite topping the ballot of MPs, there were grim numbers for Mr Sunak from a YouGov poll of 725 party members.

In it, Ms Truss beat him by 54 to 34 per cent and Ms Mordaunt by 51 to 37 per cent.

Ms Mordaunt, who had been put ahead in recent weeks, was also losing to Ms Truss

HOAR can also reveal that wavering Red Wall voters reckon Mr Sunak is too rich and “out of touch” to be PM.

As the leadership race reaches a knife-edge conclusion, we heard what traditional Labour voters in Oldham who turned Tory in 2019 really think of the contenders.

In a hard-hitting assessment, they said they feel let down by outgoing PM Boris Johnson and had “lost faith” in politicians.

Their biggest worry was rocketing supermarket bills and they are desperate for the next Prime Minister to do more to ease the cost-of-living crisis.

Rishi Sunak gained an extra three votes to put him at 118

Penny Mordaunt increased her share by ten to sit on 92

In a blow to front-runner Mr Sunak, voters were suspicious of his wealth and the previous non-dom status of his billionaire heiress wife Akshata Murthy.

One woman taking part in the focus group, put on by More In Common, said: “You look at his background and he is just not in touch with the real world. He’s not in touch with the North.

“He’s not in touch with working class people. He’s not in touch with what is going on in the world.”

Meanwhile, Ms Truss and Ms Mordaunt showered the Badenoch campaign with praise, as they battled over her supporters.

Former equalities minister Mrs Badenoch, who is tipped to land a senior Cabinet job under the eventual winner, thanked supporters for backing her “vision for change”.

Team Truss said: “Kemi Badenoch has run a fantastic campaign and contributed enormously to the battle of ideas in this contest.

“Now is the time for the party to unite behind a candidate who will govern in a Conservative way and who has shown she can deliver time and again.”

Ms Mordaunt chimed in: “I want to pay tribute to my friend Kemi Badenoch who electrified the leadership contest with her fresh thinking and bold policies. She and I both know that the old way of government isn’t working as it should.

“Voters want change. We owe it to them to offer a bold new vision for this country. Kemi’s passion for this showed and I’m glad she put herself forward to be heard.”