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So, if she wins, Badenoch will know that shes second favourite to someone who isn't even eligible (Johnson), and in any case half of the membership would prefer another candidate (Farage).
That's a pretty poor mandate that she'll be given. And without the rope to be able to hang herself with real consequences as Truss had, she'll be able to stay in the position for a long time I imagine.
Apparently half of the membership want to merge with Reform, which presumably means that they ultimately want Farage as their leader:
link to guardian live post
Definitely speaks to them having further to fall, their membership will be the death of them.