Bookmakers have slashed odds on Andy Burnham to become the next Labour Party leader after long-serving MP Andrew Gwynne announced he is stepping down – sparking fresh speculation about who could succeed Sir Keir Starmer.
Latest odds from AceOdds now have Andy Burnham priced at 7/1 to be the next Labour leader, positioning him just behind market favourite Wes Streeting, who is currently priced around 7/2 in the same market.
The move comes as Burnham is set to take over Gwynne’s parliamentary position, a development that could further strengthen his profile within the party.
Sources suggest holding a more prominent role and increased influence could provide Burnham with greater visibility among MPs and party members, giving him a tangible boost as the leadership race begins to take shape.
AceOdds: Next Labour Party Leader
| Outcome | Fractional odds | Implied probability |
| Wes Streeting | 7/2 | 22% |
| Andy Burnham | 7/1 | 13% |
| Shabana Mahmood | 7/1 | 13% |
| Sadiq Khan | 12/1 | 8% |
| Yvette Cooper | 14/1 | 7% |
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