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Who Will Be The Next Prime Minister: Tory Party Leader Betting June 2019

ten downing streetPolitics to many is often a dour and dreary subject at the best of times, with very little motivation to read about it let alone bet on it.  This is evident when you look at the betting markets for most politics, which are often poor value and buried at the bottom of a specials list.

There are two major exceptions to this, however, general elections and party leadership contests.  This is when the drama ignites, the rumours begin and betting becomes competitive.  These are the times where headline markets, offers and enhanced odds are available that can make backing the next leader or prime minister more favourable than usual.

In fast moving markets like these, based largely on opinion and hearsay, betting companies find it more difficult to price markets.  This is why you saw the rug pulled from under the betting companies in recent national and leadership elections. In markets like these the flow of information can sometimes favour the punter, if you think you know something the bookies haven’t factored in you can often get good prices.

On this page we cover the odds, promotions and features for betting on the next party leaders and/or prime minister of the UK. By utilising these you could potentially add further value to a leadership bet.  Leaders of different parties are elected by differing processes, you can read a guide to this further down this page.

Next Conservative Party Leader Odds and Offers

Next Tory Leader Next Lib Dem Leader
Johnson Hunt Swinson Davy Visit
1/50 14/1 1/5 7/2
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1/20 9/1 1/7 9/2
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1/33 14/1 1/6 7/2
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Odds Prices Updated 11/07/2019

New UK & Ireland customers. Deposit (credit, debit card or PayPal) minimum £10 in 7 days of registration. First deposit matched up to £30. Wager deposit 1x at 3/4 (1.75) to release free bet, expires after 7 days.
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New Customers, 18+ Eligible UK+IRE players. Min deposit £5. Paypal & some deposit types excl. Winning bets paid in cash at normal price. Enhanced odds paid in £5 free bets within 24 hours, valid for 4 days, stake not returned, restrictions apply. T&Cs apply
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New customers only. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £/€20. Only deposits made using Cards or Paypal will qualify for this promotion. Full T&Cs apply.
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With Theresa May stepping down on the 7th June Bet365 have some of the best prices and biggest selection of markets for betting on the next leader of the conservative party
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Get a £5 free bet every day you place a £10+ bet that wins with odds of 4/1 or more, accas qualify as long as total price is 4/1+. Free bet valid one week any markets
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Boost any bet up to once each day, max stake applicable £50, apply from betlslip to any odds. Eligable UK & IRE players, max boost limits may vary, some deposit types, markets and bet types are excluded
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Applies to bets placed on ‘next Prime Minister after Theresa May’ market. Max refund £10. All losing bets will be refunded if there is a UK General Election in 2019. T&Cs apply
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Theresa May’s Resignation And What Happens Next

theresa mayOn the 24th of May 2019 Theresa May announced her decision to resign as leader of the Conservative Party and Prime Minister with effect from the 7th of June. The decision came about after immense pressure was levied at her because of her handling of the Brexit process, despite her previous statements that she wouldn’t go until she had delivered Brexit.

When it became clear that there was no chance whatsoever of her Brexit deal passing parliament, pressure grew on the Tory leader to outline a timetable for her departure. When Andrea Leadsom, the leader of the House of Commons, resigned it became clear that May’s position was untenable. Had she refused to step down of her own accord then it was clear that she’d have been ousted from office by a vote of no confidence, with the 1922 Committee wiling to change their own rules to allow that to happen.

The Timetable

timetableTheresa May will step down as Leader of the Conservatives on the 7th of June, but she will continue to be Prime Minister until a new Party leader is elected.  This will include remaining as PM for the controversial Donald Trump official state visit from June 3rd.

Nominations for who that new leader will be will begin on the 10th of June and end later that week.

The 1922 Committee announced after Ms May’s resignation was confirmed that they planned to have the next leader in position before parliament goes on a summer break in the middle of July.

The Candidates

boris johnsonHere’s a quick look at the main candidates that are likely to be on the ballot for the Tory Party’s leadership contest.

Boris Johnson

  • Member of Parliament for Henley
  • Became MP in 2001
  • Has served as London Mayor
  • Became Foreign Secretary in 2016
  • Resigned in 2018

Jeremy Hunt

  • Secretary Of State For Foreign And Commonwealth Affairs
  • Member of Parliament for South West Surrey
  • Became MP in 2005
  • Served as Culture Secretary from 2010 until 2012
  • Served as Health Secretary from 2012 until 2018
  • Made Foreign Secretary in 2018

Dominic Raab

  • Member of Parliament for Esher and Walton
  • Became an MP in 2010
  • Served as Minister of State for Courts and Justice from 2017 until 2018
  • Served as Minister of State for Housing and Planning from January until July 2018
  • Made -Secretary of State For Exiting The European Union in July 2018, resigned in November 2018

Michael Gove

  • Secretary of State for Environment, Food and Rural Affairs
  • Member of Parliament for Surrey Heath
  • Became an MP in 2005
  • Served as Secretary of State for Education from 2010 until 2014
  • Served as Chief Whip from 2014 until 2015
  • Served as Secretary of State for Justice from 2015 until 2016
  • Made Environment Secretary in 2017

Andrea Leadsom

  • Member of Parliament for South Northamptonshire
  • Became an MP in 2010
  • Served as Secretary of State for Environment, Food and Rural Affairs from 2016 to 2017
  • Served as Leader of the House of Commons from 2017 until 2019

Sajid Javid

  • Home Secretary
  • Member of Parliament for Bromsgrove
  • Became an MP in 2010
  • Served as Minister for Equalities from April to July 2014
  • Served as Secretary of State for Culture, Media and Sport from 2014 until 2015
  • Served as Secretary of State for Business, Innovation and Skills from 2015 until 2016
  • Served as Secretary of State for Housing, Communities and Local Government from 2016 until 2018
  • Made Home Secretary in 2018

Political Leadership Contest Guide

downing street signThere’s a temptation in the United Kingdom to feel as though we’re in charge of our own political destiny thanks to the elections that are held on a regular basis. Since 1911 that has been every five years, though the introduction of the Fixed-term Parliaments Act allows a General Election to be called earlier if a vote of no confidence in the government is issued or a vote of two-thirds of the House of Commons calling for said election happens.

Yet all a General Election allows the people of the United Kingdom to do is to choose which party will be in government, not who the leader of those parties will be. It’s entirely possible for someone to hate the leader of the Labour Party, for example, but vote to elect them to government regardless. Likewise, somebody could be a big fan of the leader of the Conservatives as a person but not be a fan of the party that they lead and therefore refuse to vote for them. How, then, do leadership elections of the major parties work?

Conservative Party Leader Selection Process

conservative ballot

Let’s start by looking at the Tories, who changed their method of electing a leader back in 1998. In the years before 1965 a so-called ‘Magic Circle’ of Conservative MPs would select the candidates to be put forward for the leadership vote. That changed in ’65 to introduce a ballot of MPs, but then in 1997 a document called The Fresh Future outlined how things should change in that regard.

It noted that the Conservative Party membership had grown significantly and that these new party members should be given a say in who the leader of their party should be.

Triggering A Leadership Election

The actual leadership contest itself can be triggered via one of two means:

  • The current leader decides to resign
  • 15% of Conservative MPs inform the Chairman of the 1922 Committee that they don’t have confidence in the leader any more

The 1922 Committee is more correctly known as the Conservative Private Members’ Committee and was, interestingly enough, formed in 1923.

It is made up of backbench MPs and meets weekly when parliament is in session in order to give the backbenchers a chance to discuss how the Party is going independently from the frontbenchers.

There are 18 members of the Executive Committee that are responsible for overseeing the election of new Party leaders.

How The System Works

Current and Former Conservative Party Leaders
Name Nationality Leader Selection Served As PM?
William Hague English 1997-2001 Elected No
Iain Duncan Smith Scottish 2001-2003 Elected No
Michael Howard Welsh 2003-2005 Unopposed No
David Cameron English 2005-2016 Elected Yes
Theresa May English 2016-2019 Opponents Withdrew Yes
? ? 2019- ? ?

Table shows leaders since 2000 and does not include acting leaders

The system introduced in 1998 saw a two-stage process become the norm. In the first stage, those interested in becoming the party leader put themselves forward to be nominated for the role, which requires the support of two Conservative MPs. The numerous choices are then presented to Conservative Members of Parliament who vote in order to decide upon a shortlist of two that will be put forward to the Party members.

The Members of the Conservative Party then vote on a ‘one member, one vote’ basis to decide who will become the new Party leader. The broad basis of these rules are set out in the Conservative Party Constitution, but that doesn’t explain the specifics. Instead, the Executive of the 1922 Committee in consultation with the Conservative Party Board will decide upon the exact rules and procedure that needs to be followed.

The initial voting by the MPs to decide upon the two candidates to be put forward to Party Members is done according to a first-past-the-post system. Each time there is a vote, the candidate with the fewest votes against their name is eliminated and voting continues until only two names remain.

Thatcher Ousted

margret thatcherIt’s handy to take a look at a specific example of how the Tory Party’s system has worked over the years, looking at the manner in which Margaret Thatcher was removed from power.

Thatcher is one of the most controversial Prime Ministers ever to sit in office, adored by the right and despised by the left of the political divide. Towards the end of her time as leader of the Conservative Party and therefore Prime Minister, there was growing discontent about her leadership within her own party. This was mainly due to her approach towards the European Economic Community, which would later become the European Union.

She also suffered from a change in financial fortunes, having overseen an economic boom by the time of her third election but seeing the interest rates raised to 15% not long after being re-elected. She was challenged for her leadership position in December of 1989 by a little known backbencher called Sir Anthony Meyer. The challenge wasn’t seen as serious, but when 60 members of her own Party refused to support her her leadership began to feel undermined.

The popularity of both Thatcher and the Conservatives waned during the early part of 1990 and in November of that year Sir Geoffrey Howe resigned as the deputy leader, with Michael Heseltine announcing his intention to challenge her for the leadership the morning after Howe’s resignation speech. Despite leading the ballot after the first round of votes, Thatcher was persuaded to withdraw from the leadership election before the second round, at which point John Major and Douglas Hurd joined Heseltine on the ballot, with the former eventually winning.

Labour Party Leader Selection Process

labour ballot

Between 1980 and 2014, the Labour Party used an electoral college system to elect its leader. A this of the votes were issued to MPs and MEPs of the Labour Party, whilst another third were issued to individual members of the Party and the final third were issued to individual members of affiliate organisations such as trade unions.

Triggering A Leadership Election

If an MP believes that the current Labour leader isn’t doing a good enough job then they’ll need to find the support of 20% of the Labour Party’s MPs and MEPs in order to trigger a leadership election. At that point they would then write to the General Secretary in order to inform them that they intend to run for Party leader.

When this happened to Jeremy Corbyn in 2016 the big question that then came up was regarding whether or not the sitting Labour leader would automatically be on the ballot when challenged.

There was initially some debate about whether they would also need to receive the same number of votes as a challenger to be on the ballot. The decision was made that he would be, meaning that the same Members that elected him in the first place were also able to keep him in power.

How The Current System Works

Current and Former Labour Party Leaders
Name Nationality Leader Selection Served As PM?
Tony Blair Scottish 1994-2007 Elected Yes
Gordon Brown Scottish 2007-2010 Unopposed Yes
Ed Miliband English 2010-2015 Elected No
Jeremy Corbyn English 2015- Elected No
? ? ? ? ?

Table shows leaders since 2000 and does not include acting leaders

That system changed in 2015, at which point an MP needed the support of 10% of Labour Members of Parliament in order to get on the ballot of the leadership election. Once the candidates have emerged, their names are put forward to the members and affiliate members of the Party who vote in a ‘one member, one vote’ system.

The crucial thing about the Labour Party leadership elections is that MP and MEPs votes aren’t counted separately or given any extra weight, they’re just as valid as any other Party Member’s vote.

The number of votes needed for someone to make it onto the ballot differs depending on whether there is a vacancy because the previous leader has resigned or because they are being challenged. Everything is made clear as part of Chapter 4, Clause II of the Labour Party Rule Book 2016.

Liberal Democrat Leader Selection Process

liberal democrats ballot

Since the Liberals and the Social Democratic Party joined forces in 1988, the Lib Dems have used a system similar to Labour’s current one in order to decide upon who should be the Party leader.

How The Current System Works

Conservative Party Leaders
Name Nationality Leader Selection Served As PM?
Charles Kennedy Scottish 1999-2006 Elected No
Menzies Campbell Scottish 2006-2007 Elected No
Nick Clegg English 2007-2015 Elected No
Tim Farron English 2015-2017 Elected No
Sir Vince Cable English 2017- Unopposed No
? ? ? ? ?

Table shows leaders since 2000 and does not include acting leaders

Candidates for the leadership of the Liberal Democrats must be MPs and they must be proposed by 10% of Lib Dem MPs, not including themselves. On top of that they also need to receive the support of at least 200 individual members of the Party from 20 constituencies or more.

At that point, the candidates that have received the relevant nominations will be put forward to a ballot of the Party members. This process can last up to two months and follows a one-member-one vote scheme. MPs are members of the Party so they’re allowed to vote, but their vote doesn’t count for any more than a normal Party member.

The election system asks members to declare their preference for leader as well as who they would like 2nd, 3rd and so on. The candidate needs to get 50% of the votes plus 1 vote in order to become leader, with lower preferences counting if necessary.

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