The former Chancellor, Mr Kenneth Clarke, became the first candidate to throw his hat into the ring for the Tory leadership. However, Mr Michael Heseltine is the hot favourite to succeed Mr Major with two leading bookmakers. William Hill and Coral say the former deputy prime minister leads the field with odds of 7/4.
Clarke favoured by the bookies
The former Chancellor, Mr Kenneth Clarke, became the first candidate to throw his hat into the ring for the Tory leadership
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