Bishop of Durham Justin Welby to be Archbishop of Canterbury

Their favourite is the Rt Rev Justin Welby, Bishop of Durham, a 56-year-old former oil company executive, who is seen as the front-runner

Sources have confirmed that the Eton-educated bishop will be announced as successor to Dr Rowan Williams as early as Friday, after the Crown Nominations Commission put his name forward to Downing Street. 

It marks a meteoric rise for the former oil executive who has been a bishop for only a year, but insiders described Welby as "the outstanding candidate". 

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