Many people bet based on headlines or hunches. I dig into research and market moves behind political odds & manager markets, so you can back decisions, not guesses.
- Wes Streeting now favourite to be the next Labour Leader
- PM Keir Starmer says he would not do anything differently in his opening months
- Former favourite Andy Burnham has drifted out to 9/1
Wes Streeting now favourite to be the next Labour Leader
Betting odds continue to be offered on who will be the next Labour Leader with question marks continuing to surround Sir Keir Starmer after his opening 5 months as Prime Minister.
Chancellor of the Exchequer Rachel Reeves had shortened into favourite with bookmakers to lead the Labour party next but has since come out to second favourite in the market.
Secretary of State for Health and Social Care Wes Streeting is now the new favourite to lead the Labour party next with the betting odds switching him and Reeves around.
Streeting tops the market with Paddy Power to take over from Starmer next but there's no hint about the Prime Minister leaving this role any time soon.
| Next Labour Leader | Odds | Probability |
|---|---|---|
| Wes Streeting | 5/1 | 16.7% |
| Rachel Reeves | 6/1 | 14.3% |
| Angela Rayner | 8/1 | 11.1% |
| Andy Burnham | 9/1 | 10.0% |
| Yvette Cooper | 9/1 | 10.0% |
| Lisa Nandy | 10/1 | 9.1% |
PM Keir Starmer says he would not do anything differently in his opening months
This week has seen Sir Keir Starmer speak to senior MPs on the Commons Liaison Committee with questions given to him around his opening months as Prime Minister.
Starmer spoke about how the Budget was put in to "stabilise the economy" adding, “We’ve had a decade – slightly more – of stagnant growth or low growth and we’ve got to turn that around.”
Latest breaking news has revealed that the PM is set to name Lord Peter Mandelson as the UK's next ambassador to the US.
Next Labour Leader Betting Odds
Former favourite Andy Burnham has drifted out to 9/1
Andy Burnham was a long-term favourite to be the next Labour Leader but the latest odds have seen him drift massively to take over from Starmer next.
Burnham had been as short as 3/1 to take over as Labour Leader before Starmer became PM but has since gone out to 9/1 in the market.
The most recent betting market odds give an implied probability of 10% of Burnham being the next Labour Leader with the odds putting him as fourth favourite with the Top 10 Political Betting Sites.
