OWEN SMITH has been backed from 2/1 (33% chance) to Even money (50%) with William Hill to win the Labour leadership contest – causing favourite Jeremy Corbyn's odds to drift out from 1/2 (66%) to 4/5 (55%).
However, Angela Eagle's prospects appear to have diminished greatly following Smith's decision to take on Jeremy Corbyn, and her odds have been lengthened from as short as 2/1, right out to 14/1 (6%) outsider.
'As soon as Mr Smith entered the contest he attracted strong betting support while Angela Eagle has been virtually ignored in the market' said Hill's spokesman Graham Sharpe.
TO WIN LAB LEADER CONTEST: 4/5 Corbyn; Evens Smith; 14/1 Eagle
Hills now make Jeremy Corbyn an odds-on chance at 11/10 (47%) still to be Labour leader when the next General Election takes place – but 4/6 NOT to be.
THERESA MAY could be in for the long haul as Tory leader, with William Hill making her 4/9 (69%) still to be in that role on December 31, 2020, and 13/8 not to be.
However, Boris Johnson has been backed to succeed her as the next Tory leader and William Hill have cut his odds from 10/1 to 9/1 favourite.
FOLLOWING his appointment as Foreign Secretary, Boris Johnson has been cut from 10/1 to 7/1 clear favourite by William Hill to be the next elected leader of the Conservative Party.
'This high ranking Cabinet position gives Boris every opportunity of raising his profile even higher, so that he will be in pole position when Theresa May stands down as leader' said Hill's spokesman Graham Sharpe.
TO BE NEXT ELECTED TORY LEADER: 7/1 Boris Johnson; 12/1 P Hammond; 14/1 M Gove; S Javid; A Rudd; 20/1 C Grayling; J Greening; N Morgan; G Osborne; 25/1 J Cleverley; R Davidson;M Hancock; A Mak; P Patel; L Truss; Others on request.
WHEN WILL UK OFFICIALLY LEAVE THE EU?......4/5 2019; 6/4 2020 OR LATER; 4/1 2018 OR EARLIER
NEXT GENERAL ELECTION.....15/8 2016; 5/1 2017; 20/1 2018; 20/1 2019; 4/6 2020.
Further information......Graham Sharpe...Media Relations Director....0780 3233702