May’s replacement: what do the betting markets say about the next PM?

Jeremy Corbyn campaign in West Kirby

If Theresa May were to go, who would replace her? Take a look at what the betting markets are saying.

Theresa May’s position at the top seems secure – for now – but come the end of the parliamentary recess, it is possible to imagine MPs making moves to oust her from the post. Whether or not they would be successful remains to be seen, but it’s worth taking a look at what the bookies say about May’s successor.

Jeremy Corbyn

As leader of the Labour party, Corbyn is the odds-on favourite to become the next prime minister, with Ladbrokes and Coral each giving him odds of 3/1, according to Oddschecker.

After Corbyn’s successful second place in June’s election, this Labour leader may well be walking into Number 10 in the not too distant future, but in order for him to be the next prime minister, May would need to stay in place for the general election, something which seems unlikely following her election backfire.

Jeremy Corbyn at Junior Doctors Strike

David Davis

The Brexit secretary is the second favourite to become the next prime minister, according to Oddschecker. For Davis to become leader, Theresa May would need to step down, and Davis would need to secure a large enough backing from MPs to get him on to the final ballot, and then win over Tory members.

Ladbrokes offers odds of 9/2 while William Hill give odds of 4/1 for this Tory minister.

Philip Hammond

The current chancellor of the exchequer has history on his side as numerous chancellors have gone on to become prime minister following their time in Number 11. Most recently, Gordon Brown and John Major went on to take the top job, however, the previous chancellor, George Osborne, is no longer even a member of parliament.

William Hill gives the chancellor odds of 7/1 while Coral offers odds of 15/2.

Philip Hammond, Secretary of State for Foreign and Commonwealth Affairs

Boris Johnson

After Michael Gove ran for the Tory leadership in 2016 – and subsequently did not even make it on to the final ballot – Johnson declared his intentions not to run for the highest job in the land. However, could it be second time lucky for Boris?

Ladbrokes give odds of 10/1 for the foreign secretary to become prime minister while PaddyPower offer odds of 9/1.

Jacob Rees-Mogg

Bizarrely, this eccentric Tory MP has risen to new heights in recent weeks, with many media outlets discussing the chances of the backbencher becoming prime minister. Lack of experience and his out-of-touch views are just some of the factors standing in his way to become prime minister, nonetheless, the shortest odds that can be found for Rees-Mogg to get the job are with SkyBet who offer odds of 7/1.

That said, Coral offers odds of 11/1.

It is entirely possible that one of these five men could take over from May, but if British politics has taught us anything over the last few years, it’s that anything could happen.

Jacob Rees Mogg Headshot

The full list of odds on Oddschecker can be accessed here. All odds are accurate as of 15th August.