Brits are set to go to the polls this summer with Prime Minister Rishi Sunak calling a snap UK general election - and the odds on who will be the next PM have been revealed.
After rumours circulated for months on when the Conservative Party leader would take the country to the polls, he has finally made the announcement on Wednesday evening (22 May) outside Number 10 Downing Street.
It follows on from Sunak being questioned about it in the House of Commons hours earlier, where he stated such an election would happen in the second half of 2024.
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The vote is now happening on Thursday, 4 July.
UK general election odds
All prices have been taken from odds aggregator website Oddschecker and were accurate as of 4pm on 22 May.
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Labour are the current favourites to get the most seats in the next general election, with the party odds on at 2/17. The Conservatives are 12/1, Reform UK 50/1, UKIP 100/1, and the Liberal Democrats 500/1.
Labour are also favourites to form an overall majority in Parliament, odds on at 1/9. No Overall Majority is second favourite at 15/2, following a Conservative Majority at 40/1 and Reform UK Majority at 150/1.
Next UK prime minister odds
It probably comes as no surprise that Kier Starmer is therefore favourite to be the next UK prime minister, with the odds as following:
- Keir Starmer - 1/6
- Rishi Sunak - 8/1
- Penny Mourdant - 12/1
- Boris Johnson - 50/1
- Nigel Farage - 25/1
Next Conservative leader odds
Given that Labour are expected to win, or at the very least be the largest party, attention has turned to who the next Conservative Party leader might be in such an event.
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The following odds have been provided by gambling service Betfair:
- Kemi Badenoch - 7/2
- Penny Mordaunt - 13/2
- Robert Jenrick - 8/1
- Priti Patel - 17/2
- James Cleverly - 11/1
- Suella Braverman - 13/1
- David Cameron - 19/1
- Boris Johnson - 29/1
- Tom Tugendhat - 29/1
Betfair also has odds for how many seats the Tories might lose:
- No losses - 109/1 (<1% chance)
- 1-50 seat losses - 59/1 (2%)
- 51-100 seat losses - 26/1 (4%)
- 101-150 seat losses - 10/1 (10%)
- 151-200 seat losses - 9/2 (18%)
- 201 or more seat losses - 1/2 (68%)
Betfair spokesperson, Sam Rosbottom, said: “The Tories remain odds-on at 1/2 to lose a whopping 201 or more seats at the next general election, and punters don’t seem convinced that it will be anything but a wipeout for the PM’s party.
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“Labour have been heavily backed to win an overall majority, which is as short as 2/13, and they are even shorter at 1/12 to win the most seats when the country goes to the polls.”
Topics: Politics, Money, UK News, Gambling, Rishi Sunak
Tom Earnshaw