Bookmakers have further lengthened their odds this week on pro-Brexit Conservative MP Jacob Rees-Mogg becoming the UK’s next Prime Minister.
The MP for North East Somerset has become arguably the only figure on the British political landscape to be identified with a bullish attitude on what looks like an increasingly likely No Deal scenario for Brexit, having argued on a number of occasions that such an outcome represents an “exciting opportunity” for the United Kingdom.
And it is this view – unpopular with almost all Remainers and a majority of Brexiteers – that appears to have damaged Rees-Mogg’s prospects of emerging as the country’s next prime minister in a week in which two parliamentary votes on Brexit appear to have left the country in a deeper impasse.
Priced as low at 9/2 as late as last Summer, the Tory MP has now seen his odds move from 16/1 to 20/1 with both William Hill and Ladbrokes, a change which now places him outside of the leading top ten candidates to inherit the role from current Prime Minister Theresa May.
However, Rees-Mogg has secured a new role as a radio presenter with leading broadcaster LBC, and went on air for the first time last night in the first of a series of Friday night “fire-side chats” which could provide a new platform for the London-born Conservative.
Corbyn Remains Favourite
Despite Theresa May surviving his own motion of No Confidence in parliament on Wednesday, Jeremy Corbyn remains the bookmakers’ favourite at 4/1 to become the UK’s next PM.
He is followed closely behind by Boris Johnson – a close political ally of Rees-Mogg – who is priced at 7/1. Johnson had been priced as outright favourite as late as October, but experienced a fall in popularity following a speech to the Conservative Party conference which appeared to undermine confidence in the ex-Foreign Secretary’s sincerity amongst the party’s grassroots.