Rishi Sunak has been installed as the new favourite to be the next Prime Minister.
The Chancellor of the Exchequer is now 5/2 to take over from Boris Johnson with the bookmakers, with Sir Kier Starmer close behind at 3/1.
Sunak was praised last week for his rousing speech detailing how local businesses and households would be supported during the Coronavirus outbreak, which has led the betting firm to slash his odds from 9/1 .
Sir Kier Starmer, who was front-runner at 5/2 last week, has now drifted to 3/1 as it shapes up to become a two-horse race to replace Boris Johnson in No.10.
Tory MPs Michel Gove and Sajid Javid are next in line to replace BoJo at longer odds of 20/1, while Labour’s Rebecca Long-Bailey is now 25/1 alongside Home Secretary Priti Patel.
Phill Fairclough, trading spokesperson for Sporting Index, said: “Rishi Sunak won the hearts of the nation when he announced unprecedented measures to commit to protecting people’s jobs during the Coronavirus outbreak, and that has led to support for him in the betting to become the next Prime Minister.
“The Chancellor of the Exchequer has now gone from 9/1 to 5/2 to take over the reins at No.10, while Sir Kier Starmer is still hot on his heels at 3/1.”
Next Prime Minister markets:
Rishi Sunak: 5/2
Sir Kier Starmer: 3/1
Michael Gove: 20/1
Sajid Javid: 20/1
Rebecca Long-Bailey: 25/1
Priti Patel: 25/1
Related: US Republican: “Older people would rather die than damage our economy”
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
