Bishop of Durham set to be new Archbishop?

Bishop Justin Welby could be set to become the new Archbishop
Bishop Justin Welby could be set to become the new Archbishop Credit: ITV

The bookmakers Ladbrokes and William Hill have stopped taking bets on the Bishop of Durham becoming the next Archbishop of Canterbury.

Justin Welby, who previously worked as an executive in the oil industry, became Bishop of Durham just a year ago.

In the last 24 hours the odds on his being announced as the new Archbishop shortened dramatically - making him the clear favourite.

A panel has been considering the appointment and a decision is expected soon.

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Archbishop of Canterbury appointment

The Bishop of Durham, Rt Rev Justin Welby, has been appointed the new Archbishop of Canterbury.