Embattled Labour leader Jeremy Corbyn is being heavily backed to stand down this year, according to the latest odds.
Following a series of rumours that Corbyn is preparing to resign, a heavy run of bets have forced the bookies to cut the odds on him being replaced in 2017 to just 6/4.
Rebecca Long-Bailey’s odds also continue to shorten, as the one-time 66/1 shot comes into 12s.
Alex Donohue of Ladbrokes said: “Political punters aren’t confident Corbyn can last in the face of potential front bench resignations and potential defeat in the upcoming by-elections.
“Plenty are backing him to leave now under the assumption that the odds of him standing down could soon get a lot shorter.
He added: “In terms of a successor, Lewis is proving popular in anticipation of him rebelling against the Brexit vote.”
Both Copeland and Stoke-On-Trent Central host by-elections on February 23, and the two former Labour strongholds are under serious threat.
The Conservatives are odds-on to take Copeland, and with UKIP leader Paul Nuttall running in Stoke, there’s a very real chance Labour could suffer a double blow in a fortnight’s time.
Indeed it’s just 5/4 that Labour lose both seats.
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Ladbrokes latest betting
Jeremy Corbyn replaced as Labour leader this year – 6/4
Labour to lose both the Stoke & Copeland by-elections – 5/4
Next Labour leader
Keir Starmer- 6/1
Clive Lewis -7/1
Dan Jarvis – 12/1
Rebecca Long-Bailey – 12/1
Lisa Nandy – 16/1
John McDonnell – 16/1
Angela Rayner – 16/1
David Miliband – 20/1
Chuka Umunna – 25/1
Yvette Cooper – 25/1
Hilary Benn – 25/1
Sadiq Khan – 25/1
Emily Thornberry – 25/1
All Odds and Markets are correct as of the date of publishing