PM refuses to comment on accusation by Sunak that Labour is preparing to change definition of debt to allow greater spending

Bookmakers have cut the odds on Kemi Badenoch becoming next Tory leader because there has been a surge of money going her way in the last 24 hours, according to Oddschecker, a betting prize comparison website. Leon Blackman, a spokesperson for the firm, said:

Kemi Badenoch’s sudden surge in support has shaken up the Conservative leadership market. Within a day, her odds have been slashed from 6/1 to 6/4, as she takes the lion’s share of today’s bets. While Cleverly remains the favourite, his hold on the top spot looks increasingly precarious.