I break betting odds news as it happens, so you’re never left behind when the market moves or a top offer lands.
- Bookmakers are already giving odds on who could be next Chancellor of the Exchequer
- Pressure on Rachel Reeves after first few months in role
- Tulip Siddiq resigned as Treasury minister on Tuesday
Bookmakers are already giving odds on who could be next Chancellor of the Exchequer
With more and more questions surrounding Rachel Reeves role as Chancellor of the Exchequer, UK Betting Sites are now offering odds on who could replace her if she was to leave.
Pat McFadden has been installed as favourite in the next Chancellor of the Exchequer market with bookies putting him as the 2/1 favourite ahead of the rest of the contenders.
McFadden denied rumours of him replacing Reeves on Tuesday saying, "Rachel Reeves is doing a good job with the support of the whole Cabinet."
Star Sports though now say there's a 33% chance that McFadden takes over from Reeves in the role of Chancellor of the Exchequer under Keir Starmer's leadership.
| Next Chancellor of the Exchequer | Odds | Probability |
|---|---|---|
| Pat McFadden | 2/1 | 33.3% |
| Darren Jones | 4/1 | 20.0% |
| Jonathan Reynolds | 6/1 | 14.3% |
| Wes Streeting | 7/1 | 12.5% |
| Ellie Reeves | 9/1 | 10.0% |
What the expert says...
Pressure on Rachel Reeves after first few months in role
Week-by-week we've seen the pressure ramp up on Rachel Reeves as Chancellor of the Exchequer with the UK's financial climate continuing to struggle.
Wednesday morning has seen the first positive news around the UK inflation rates with it dipping in December for the first time in three months.
Prices rose up 2.5% in the year to December according to the Office for National Statistics and this can be taken as a win for Reeves after a tough past few weeks.
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Tulip Siddiq resigned as Treasury minister on Tuesday
Tuesday's big political news story saw Treasury minister Tulip Siddiq resign from her role after pressure over an anti-corruption investigation.
Siddiq has had big question marks around her around links to her aunt after she was ousted as Bangladesh's prime minister.
Tory leader Kemi Badenoch called out Sir Keir Starmer in an X post on Tuesday saying that he "dithered and delayed to protect his close friend."
Siddiq will be replaced in the role by Emma Reynolds who is currently a Department for Work and Pensions minister.
