Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
An account already exists for this email address, please log in.
Betting on politics: the futures of May and Corbyn
Matthew Partridge finds out who the betting market tips to be the next leaders of the Tories and Labour.
Keir Starmer is a favourite to take over from Jeremy Corbyn
(Image credit: 2017 Getty Images)
With the Labour and Conservative Party conferences this month heralding a return to regular politics, it's a good time to look at what the main UK betting markets are saying about the future of Theresa May and Jeremy Corbyn.
More than £290,000 has been traded on May's exit date on Smarkets, and next year is the clear favourite at 1.88 (53.1%), followed by this year at 5.7 (17.5%). Next year is also the favourite date for Corbyn to stand down as well, though the odds are much longer at 3.95 (25.3%).
If May departs, Boris Johnson seems favourite to take over as Conservative leader, with Smarkets putting the former foreign secretary at 6 (16.7%). In second place is Sajid Javid at 7.2 (13.9%), followed by Jacob Rees-Mogg at 10.5 (9.5%), Michael Gove at 11 (9.1%), Dominic Raab at 11 (9.1%) and Jeremy Hunt at 11.5 (8.6%).
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
On the opposition benches, Betfair has shadow foreign secretary Emily Thornberry as the favourite at 8.5 (11.8%). Other strong contenders are John McDonnell at 11.5 (8.7%), Keir Starmer at 13 (7.7%) and Angela Rayner at 16 (6.3%).
Punters seem to think the current parliament will either run its full length or be dissolved next year. Smarkets has 2022 as the favourite date for the next general election at 2.7 (38.5%), followed by 2019 at 3.05 (32.7%), 2020 at 5.8 (17.2%) and 2021 at 9.4 (10.6%). If you want to bet on an election this year you can still get 12.5 (8%), although I wouldn't recommend those odds.
Sign up for MoneyWeek's newsletters
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
