Sir Graham Brady has announced that Boris Johnson will face a vote of confidence this evening, rocking the betting markets through oddschecker.
Boris Johnson Exit Date Odds:
Bookmakers have unanimously cut odds on Boris Johnson leaving his post as Prime Minister this year after Sir Graham Brady announced that a vote of confidence in the PM will take place this evening.
Odds have been slashed from 5/2 into as short as 17/20 with some British bookmakers (best price 11/10) that Johnson leaves office in 2022.
The year 2022 is by far the betting favourite when looking at which year Johnson will leave, ahead of ‘2024 or later’ at 7/4.
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Boris Johnson Vote of No Confidence Result Odds:
When looking at the result of the vote of no confidence, bookies are favouring Johnson. According to sportsbook SBK, Johnson has a 4/11 chance of winning.
On the flip side, the same bookmaker is predicting a 12/5 chance (9/4 elsewhere) that Johnson loses the vote of no confidence later this evening.
Next Conservative Leader Odds:
In terms of a potential replacement, the biggest market mover is former Secretary of State Jeremy Hunt, who has been cut into clear favourite for next Tory leader.
Hunt’s odds have halved from 11/1 into 11/2 best price with Coral. Some bookies are going even shorter, with bet365 offering 7/2.
Liz Truss is the consensus second favourite at 7/1, followed by Tom Tugendhat (8/1), Penny Mordaunt (9/1), Ben Wallace (10/1) and Rishi Sunak (14/1).
