Sir Keir Starmer could succeed Jeremy Corbyn as the next Labour leader on the first ballot, according to our latest odds.
Our traders have the MP for Holborn and St Pancras down as a 1/20 shot to become the next leader of the party, while 4/7 now says he wins on the first ballot.
Elsewhere, the shadow Brexit secretary is as big as 8/1 to fail in his bid to become leader, with Rebecca Long-Bailey at 16/1 and Lisa Nandy at 25/1 to replace Corbyn.
Regardless of who takes up the job as head of the party, they’ll still have ground to make up on Boris Johnson and the Conservatives, so say our traders.
Alex Apati of Ladbrokes said: “Starmer’s odds of replacing Corbyn are at record lows and it’s actually looking increasingly likely he’ll win on the first ballot.”
Ladbrokes Latest Betting:
Labour Leadership Election Winner
Keir Starmer – 1/20
Rebecca Long-Bailey – 16/1
Lisa Nandy – 25/1
Labour Leadership Leader
Keir Starmer to win on 1st ballot – 4/7
Keir Starmer NOT to be elected leader – 8/1
All odds and markets correct as of date of publication