Being the frontrunner in the Conservative leadership stakes seldom ends well, yet this is the position that the chancellor Rishi Sunak, dispenser, for now, of vast sums of other people’s money, find himself in.
He’s the favourite to take over at some point as Boris Johnson’s leadership deflates like a soufflé and the Tory tribe starts to consider what to order next from a limited menu.
The chancellor will know that in every leadership contest since MPs plumped for the outsider choice of Margaret Thatcher in 1975, the eventual winner has not been the favourite at the start of the contest, bar one. Boris Johnson was the exception last year, as a favourite who won.
However, it seems that Rishi Sunak will be the next Prime Minister inside a year. That’s unless Priti Patel doesn’t get him and send him to ascension island, but I think Rishi Sunak would have to do some serious damage to become as unpopular as Boris Johnson.