May Day Update: We’ve slashed odds in half on PM exit this month

With the building pressure on Theresa May to resign, we've slashed our odds on the PM stepping down this month by more than half overnight...


With the pressure building on Theresa May to resign, we’ve slashed our odds on the PM stepping down this month by more than half overnight.

Today, we’ve got odds of just 2/1 that May quits her post in October – in from 5/1 yesterday.

We’ve also cut the price of May departing this year from 5/2 to 6/4 overnight.

Whenever she goes, our traders are convinced that she is going, and soon – they make it odds-on that May stands down within a year (1/2).

It’s now very short odds that May won’t complete this term of Parliament as Prime Minister (1/10), and a short price that the British public will be subjected to yet another General Election within twelve months of the last (9/4).

Spokesman Paddy Power said: “The odds of Theresa May leaving her role have been dropping quicker than those letters on the wall at the Tory Conference.

“From that point on, it was clear that the writing was on the wall for Theresa – although, well, it wasn’t, because even that was shoddily prepared by the Conservatives.”


1/2          Theresa May to resign within a year
6/4          Theresa May to resign this year
2/1          Theresa May to resign this month
9/4         The next General Election to be held in 2018
3/1         Johnson to be the next Conservative Leader
4/1         Johnson to be PM within a year
100/1     Every member of May’s cabinet to change within a year


3/1          Boris Johnson
7/1          Jacob Rees-Mogg
15/2       David Davis
8/1          Amber Rudd
10/1       Philip Hammond
14/1       Ruth Davidson
20/1       Priti Patel

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What do you think?