Boris Johnson is now long odds-on at 1/7 to go this year – or an 87% likelihood – with the odds of the PM standing down in 2022 collapsing following the departure of Rishi Sunak and Savijd Javid.
Penny Mourdant is the new clear favourite to be the next Conservative leader at 6/1, ahead of Jeremy Hunt, Ben Wallace and Liz Truss at 8/1.
The Tories are now 3/1 to win an overall majority at the next General Election, while Labour are 4/1.
Betfair Exchange: Boris Johnson exit date
2024 or later: 14/1
Betfair Exchange: Next Conservative leader after Boris Johnson
Penny Mordaunt: 6/1
Jeremy Hunt: 8/1
Ben Wallace: 8/1
Liz Truss: 8/1
Rishi Sunak: 10/1
Tom Tugendhat: 11/1
Nadhim Zahawi: 12/1
Betfair Exchange: Overall majority at next General Election
No Overall Majority: 4/5
Conservative Majority: 3/1
Labour Majority: 4/1
Betfair spokesperson Sam Rosbottom said, “The odds of Boris Johnson going this year have been slashed to just 1/7 following the shock departure of Rishi Sunak and Sajid Javid, meaning there’s now an 87% chance the PM steps down in 2022.
“For a while the odds suggested the PM would stand firm in Number Ten but the betting now suggests a leadership contest may be imminent – with Penny Mourdant in pole position to take charge.”