The odds on Theresa May calling a General Election this year have fallen from 5/2 into just 6/4, following Andrea Leadsom’s withdrawal in the race to replace David Cameron later this year.
Leadsom’s announcement today leaves Theresa May as the only campaigner left, and it’s expected the Home Secretary will be announced as next Conservative leader shortly.
Alex Donohue of Ladbrokes said: “Leadsom’s withdrawal means May breaks a long-standing record for favourites losing Tory leadership races. The betting now suggests May’s first challenge following her coronation might be winning an early election.”
The most likely outcome in the bookies’ view however, is 2020 or later at 4/6.
Meanwhile, over in the Labour corner, Angela Eagle’s chances of ousting Jeremy Corbyn have slipped, according to the our political traders with her odds drifting from 5/2 to 7/2.
All Odds and Markets are correct as of the date of publishing.