Gove Backed To Replace Theresa May
Michael Gove was the subject of a significant gamble to replace Theresa May as Prime Minister on Sunday morning after rumours swirled of a cabinet coup in London.
Reports suggested that May is under increased pressure to step down as PM with Michael Gove and David Lidington being touted as the most likely candidates to step into the role amidst the continued Brexit stalemate in the House of Commons.
As the PM called a meeting with key figures at Chequers on Sunday, Michael Gove’s odds on becoming the next Tory leader were cut into 2/1 from 11/2 with BoyleSports after a burst of money for the Environment Secretary. David Lidington meanwhile is into 12/1 from 20/1 having denied that he is part of any plot to unseat the PM.
The chances of Theresa May being replaced as PM this year have plummeted into 1/5 from 8/15 over the past 24 hours, with punters now sure that her days in 10 Downing Street are about to come to an abrupt end.
Our next Tory leader market was hammered on Sunday morning and Michael Gove was taking the bulk of the money, going into 2/1 from 11/2 within the space of a few hours. With the flurry of activity, Theresa May is now a massive odds-on shot at 1/5 to go this year and…
the betting at least is suggesting her days are numbered regardless of what happens in the Commons next week.
*Prices correct at time of publication.