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Prime Minister Liz Truss clutches the keys of Number 10 as more turmoil rocks her government after her Home Secretary was ousted, the Chief and Deputy Chief Whip resigned and several outbursts of public dismay from Conservative MPs.
The appointment of a new Chancellor of the Exchequer and a reversal in most of her economic plans had given her a brief respite after weeks of volatility in markets and politics. But bets on the PM’s departure continue. PaddyPower puts the likelihood of Truss being replaced by the end of the year at 1/8.
Rishi Sunak, who faced Truss in this summer’s Conservative leadership election, remains Sky Bet’s favorite as the bookmaker pays out £7 ($7.83) for every £4 bet on the ex-Chancellor. New Chancellor Jeremy Hunt has climbed the list of favorites after less than a week in the role, with bets on Hunt and House of Commons Penny Mordaunt at 4/1.
Keir Starmer has slipped down the list of likely candidates and suggests bookmakers favor an internal Tory replacement rather than a general election, with odds for the Labor leader down to 8/1 from 3/1 on Sky Bet . The bookmaker also sees speculation about former Prime Ministers Boris Johnson and Theresa May returning at No. 10. They outrank all current cabinet members except for Mordaunt and Secretary of Defense Ben Wallace.
Odds of betting on politics should be taken with a large pinch of salt. In relation to the markets, they reflect the views of individual investors rather than professional analysts. Still, they point to concerns building Truss’ ability to lead Britain.
The story goes on
Here are the odds offered by the bookies on Thursday morning:
(Corrected to add Wallace in fourth paragraph.)
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