Theresa May is now just 5/2 to resign as Prime Minister this month, as she continues to dither over Brexit negotiations.
With the embattled PM also facing an uprising amongst her Tory colleagues – 40 of whom are reportedly willing to sign a letter of no confidence in her – we’ve again had to shorten the odds on May leaving her role in November.
We’ve also cut the price on the next UK General Election taking place in 2018, to 9/4, as the uncertainty around May’s position continues.
If and when that election is called, Labour leader Jeremy Corbyn is the favourite to succeed May (5/1), ahead of Conservative challengers Jacob Rees Mogg (6/1), David Davis (6/1), Boris Johnson (7/1), and Amber Rudd (10/1).
Meanwhile, the odds of the UK getting a ‘no deal’ in Brexit negotiations are 2/1.
Asked about Theresa May’s position spokesman Paddy Power said: “It looks like we’re getting very close to May Day, as Theresa faces the mother of all struggles to retain authority both in Europe and within her Party.
“Given that she didn’t want Brexit in the first place, resigning – or being forced out – would be a novel new way for her to perform a EU-turn.”
Q1, 2018 10/3
Q2, 2018 7/1
5/1 Jeremy Corbyn
6/1 Jacob Rees Mogg
6/1 David Davis
7/1 Boris Johnson
10/1 Amber Rudd
14/1 Michael Gove
Paddy Power’s full UK politics markets can be found here.
* All odds correct at time of posting.