Rebecca Long-Bailey challenging in Next Labour Leader Market16th December 2019 / lee
The Labour Party had a disastrous day at the Polls on Thursday as they were heavily beaten by the Conservatives. So much so that the Tory Party romped away with a Majority, leaving Labour with a very poor return. They claimed 203 seats, 40 less than they had done in the 2017 election.
Leader Jeremy Corbyn was not long in announcing that he was not going to fight another election for them. He will still be knocking around until the Party decide who they are going to go with as their next leader. Since Thursday’s crushing defeat for Labour, the Next Labour Leader market has become very active.
Next Labour Leader Odds*
Keir Starmer 13/5
Rebecca Long-Bailey 3/1
Lisa Nandy 5/1
Angela Rayner 6/1
Jess Phillips 7/1
Emily Thornberry 14/1
Yvette Cooper 16/1
Clive Lewis 20/1
Dan Jarvis 25/1
David Miliband 28/1
*(betting odds taken from December 14th, 2019 at 7:11 pm)
Keir Starmer the front runner?
For a while now Keir Starmer has been all the rage to follow on from Jeremy Corbyn at the head of the Party. Whenever it was going to be that Corbyn stepped aside, Starmer looked to be the clear front runner, especially given how he has been under the heavy spotlight as shadow Brexit Secretary and in challenging the Conservative government.
He was quite closely aligned with the Remainers in the Labour Party, more so than Corybn was, so that is the area in which he could pull in support for. The thing about Starmer is that his appointment would cause something of a shift, notably in pulling Labour back towards a more central stance in politics after having drifted a fair way to the left under Jeremy Corbyn.
Rebecca Long-Bailey coming into view
Interestingly, the shadow Business Secretary Rebecca Long-Bailey has come more and more into the betting picture. She was used a lot by Corbyn, particularly in the election build-up, so she has been front and centre in pushing his agenda. She’s likely more closely aligned with Corbyn’s approach to governing that Starmer’s would be. That could be a huge benefit for Long-Bailey, whose public stock has really risen because she would garner the support of those who were behind Corbyn in the party. She would perhaps be seen as an extension of Corbyn’s project.
Lisa Nandy trading well
There was market movement on Wigan MP Lisa Nandy on Saturday as she was trimmed to 5/1 odds with Bet365. Some bookmakers at the time still had her out at around the 8/1 market. Nandy is a Remainder and she fought tooth and nail on that front back at the EU Referendum. She is not someone who is naturally aligned with the direction in which the party has ended in recent times. She argues that the Party has lost touch with the people that they are supposed to be representing.
Then there is Jess Philips who is also in the frame and like Nandy, is more of an opponent of where the Labour Party has gone in recent years. She seems to be more of the approach of forming middle ground support for both the working and middle classes. So it’s broadening common ground that she could look drive support from.
Shadow Education Secretary Angela Rayner was a big part of Jeremy Corbyn’s front bench. The MP for Ashton-under-Lyne and has steadily built what could be seen as a moderate reputation with what she had to work with. She would have some of the support that stood behind Corbyn, which is a plus for her. Rayner was the only other one in the field on Saturday to been in single figures in the Next Labour Leader market.
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* All mentioned odds were valid at the time of writing. Betting odds are subject to fluctuations. Please check the current odds with the respective bookmaker!