The five Tory candidates are battling to replace Boris Johnson as Prime Minister

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Ms Truss, 46, has been preparing for a leadership bid for months, using last fall’s Conservative party conference to chat with potential backers and then hosting ‘Fizz with Liz’ events at 5 Hertford Street, a private club.

A tax-cutting conservative who likes to draw comparisons to Mrs Thatcher, she prefers not to mention the fact that she voted to remain in the EU referendum.

During Friday’s TV debate, she said: ‘I am running an all-positive campaign which is about the big challenges we face and what we need to do to deliver to the British people because we are facing a crisis in the cost of life, families are struggling.”

A cabinet minister since 2012, Ms Truss is the longest-serving cabinet member, having held four cabinet posts.

You can read his Telegraph Op-Ed here.

Kemi Badenoch

Last odds: 9/1

Ms Badenoch spent the last two and a half years as Equalities Minister in the Levels Department before stepping down on July 6. Two days later, she announced her candidacy.

Speaking at her official campaign launch in Westminster, Ms Badenoch was asked what short-term measures she would put in place to tackle the cost of living crisis.

The 42-year-old said the government should focus on tackling inflation as it was ‘the big thing that drives it and is likely to make things worse’.

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