Jeremy Corbyn’s odds of being replaced as leader of the Labour party have been eased, according to the latest betting update.
Despite losing the Copeland by-election to the Conservatives, Labour’s win in Stoke-on-Trent Central was enough for our traders to decide that any immediate pressure on Corbyn could be bearable for a little longer yet.
The beleaguered leader is now 6/4 to leave during 2017, a drift from 5/4.
However, our odds also suggest Paul Nuttall’s fate could still go either-way. The UKIP leader came second in Staffordshire, when a famous win had looked on the cards a few weeks ago.
The party were odds-on favourites to win in Stoke in early February, but Nuttall is now 5/6 to be replaced this year.
Jessica Bridge of Ladbrokes said: “There’s no doubt Corbyn is still under a great deal of pressure, but with one by-election win under his belt, it should be enough to buy him some more time with his critics.”
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Ladbrokes latest betting
Year Jeremy Corbyn is replaced as leader of the Labour Party
2017 – 6/4
2018 – 3/1
2019 – 8/1
2020+ – 2/1
Will Paul Nuttall be replaced as leader of UKIP before the end of 2017
No – 5/6
All Odds and Markets are correct as of the date of publishing