Labour are the 11/8 favourites to win a majority at the next General Election after Rishi Sunak was named the new leader of the Conservative party on Monday.
The Tories are 5/1 to gain a majority, having once been as short as 8/11 on Betfair Exchange, whilst a General Election seems a long way off, though, with it 1/3 to happen in 2024 or later, while 2023 is 14/5.
Betfair Exchange: Overall majority at next General Election
Labour majority: 11/8
No overall majority: 11/8
Conservative majority: 5/1
Betfair Exchange: Year of next General Election
2024 or later: 1/3
Betfair Exchange: Rishi Sunak exit date
2025 or later: 11/8
Betfair Exchange: Next Tory leader after Rishi Sunak
Boris Johnson: 7/2
Penny Mordaunt: 4/1
Suella Braverman: 15/2
Jeremy Hunt: 17/2
Kemi Badenoch, Ben Wallace: 9/1
Nadhim Zahawi: 11/1
Sajid Javid: 12/1
Betfair spokesperson Sam Rosbottom said, “Incoming Prime Minister Rishi Sunak faces a big task on his hands keeping the Conservatives in power, according to odds on Betfair Exchange.
“Labour are 11/8 to win a majority at the next General Election, while the Conservatives are 5/1, having once been odds-on at 8/11.
“Labour leader Keir Starmer has called for a General Election, but he might not get his wish anytime soon, with it 31/1 to take place this year and 14/5 to happen in 2023. The most likely year for a General Election to occur is 2024 or later at 1/3”.
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