Latest Odds & Betting For Next Prime Minister
Article Updated On 23rd May 2019
It's the day of the European Elections. Elections that we weren't meant to be having because by now we should have left The European Union. The UK is hanging on in there as is Theresa May who's days as Prime Minister must surely now be in single figures. Ironically two of the biggest mouthpieces who advocated Brexit, Nigel Farage and Boris Johnson, could now become the biggest winners of Britain's Brexit cock-up.
So what happens next? Well the first big question is when will Theresa May finally release her grip on Number 10. She's already indicated that she will step down but it seems she will go in her time rather than pander to the wish of her Party or The Country. Paddy Power have her 2/1 to leave in May which seems quite generous given she could be gone by Sunday if reports are to be believed. You'll get 13/8 for a June or July departure.
Boris Favourite For PM
One out means one in - so who will take over as leader of The Conservatives and - unless May calls a General Election - become the next Prime Minister. Boris Johnson is 6/4 favourite to take the job. In some ways that'd be poetic justice - he was one of the advocates of Brexit and therefore it's right he sorts out the mess rather than scuttle away until the storm has blown over. However, Johnson may have upset too many of his Party members and they may look towards someone who can unite them rather than be divisive.
Deputy PM, David Lidington, is 4/1 second favourite but maybe too aligned to Theresa May to become her successor. Dominic Raab at 6/1 seems like a good shout as does Michael Gove at 11s. If May decides to go out with a bang by calling a General Election that paves the way for a non-Tory PM. Nigel Farage is 16/1 to be May's successor despite being figurehead of a Party only a few weeks old. It has no policies and carries the baggage of Farage's UKIP past.
Labour To Win Next General Election
Also as 16s is Labour Leader Jeremy Corbyn. The results of the European Elections may well decide his fate as well. There is good news for Labour though as Paddy Power have them Evens to get the most seats at the next General Election. The Conservatives are 11/10 whilst Farage's Brexit Party at 9/1. Does this mean The Public are happy with The Brexit Party to take on The EU but don't believe they could ever manage in The UK Parliament?
And could Farage himself finally enter Parliament as an elected MP. He's failed so far but is 3/1 to become an MP in 2019. He's also 3/1 to become Prime Minister by the start of 2025. However, it's a longer shot of him taking over at Number 10 during 2019. Paddy Power are offering odds of 20/1.
The Politics Markets are usually quite stagnant, but this is an unusual time and that means there are plenty of opportunities. As well as the above Paddy Power have books on European Elections and a whole bunch of Brexit orientated markets. Some are fanciful but they're a lot more entertaining than having to listen to politicians!
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