Betting on politics: The odds on Corbyn leaving

This time last year, it was a question of when Jeremy Corbyn would step down as Labour leader, says Matthew Partridge. Now he's favourite again.

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Jeremy Corbyn: tone-deaf to anti-semitism in his party
(Image credit: 2018 Getty Images)

This time last year the question was not when Jeremy Corbyn would leave, but whether he would quit before he was removed in the wake of the landslide Conservative victory everyone was predicting. Fast forward a few weeks and people were saying the same thing about Theresa May after the Conservatives failed to get a majority. Now, thanks to his tone-deaf response to the anti-Semitism crisis, Jeremy Corbyn is again the favourite to be the first of the four main party leaders to depart.

At the moment, May is clinging on, helped by the fact that she's managed to delay the big Brexit decisions and Conservative reluctance to risk causing an election. However, I think that the strains of trying to keep the Tories together will lead her to stand down at some point in the next two years, possibly after we formally leave the EU. By contrast, Corbyn's stubbornness means that he will stay on, even though a new leader would do a much better job of holding the government to account. I'd therefore take Betfair's money on May going first (I'm goingto put £2 on her myself).

MoneyWeek

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Dr Matthew Partridge
MoneyWeek Shares editor