Turnout is believed to be low at around 60%, which sent jitters through the former Cabinet minister's camp and led to a flurry of media appearances.Rival Robert Jenrick's team said last night it believed the result was "going to be close".The victor takes over from Rishi Sunak, who triggered the contest after the Tories' disastrous general election campaign.<img src="https://cdn.magzter.com/1583504377/1730510259/articles/AR9jqaE5J1730572870672/1013115670.jpg" alt="image">Markets Neil Channing, an expert on political gambling, said: "We don't really know for sure who it is going to be, but the betting markets definitely think it is going to be Kemi Badenoch."She's about an 84% chance now with Robert Jenrick at about 16%. But nothing is certain." Mr Sunak will return to the backbenches along with former Chancellor Jeremy Hunt, who said it was time for fresh faces.Ex-leadership rival James Cleverly is also quitting the frontbench. He said: "I'm not in the mood to be boxed back into a narrow band again." Polls closed on Thursday after months of campaigning that began with six hopefuls.

Badenoch is likely to take Tory mantle

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.