Theresa It’s only Monday… Bookmakers react to frantic Tory cabinet chaos

Revolt, within the Conservative Party may tip Britain towards a snap General Election being called for in 2018, as Brexit chaos governs all UK politics.

Bookmakers have adjusted their political betting markets, following the events of a ‘manic Monday’ which saw LEAVE stalwarts David Davis, Secretary for Exiting the EU and Foreign Secretary Boris Johnson resign as senior cabinet ministers.

Paddy Power would label Davis’ resignation as ‘DEXEU Midnight Runner’, as the senior MP has triggered a Tory Party split with regards to PM Theresa May’s ‘soft Brexit strategy’ which had secured a weak majority of party support.

At present the Irish bookmaker believes that May will likely have to ‘defend her position as Tory leader in 2018’, pricing down a Conservative Party leadership contest at 4/7 (previously 2/1).

Meanwhile, a busy Ladbrokes Politics had been forced to twice cut its odds on a UK 2018 General Election, from 5/2 on Monday morning to the present price of 7/4 following yesterday’s senior resignations.

Rumour and speculation are rife in Downing Street with regards to PM May’s future as Party Leader. Readjusting all its UK political betting markets, Betfair details that May is ‘2/1 to announce resignation by the end of the week, odds-on at 5/6 to be gone in the next quarter’.

Nevertheless, the Tory turmoil sees bookmakers differ on who would lead the party should a leadership contest be announced.

Paddy Power maintains that Theresa May would likely keep hold of Party leadership at 1/2 against Hard Brexit figurehead Jacob Rees Mogg (4/1), as the unpopular PM still maintains the Party’s majority consensus for the approach and strategy to exiting the EU.

Betfair Politics prices Boris Johnson at ‘3/1 favourite come back and take the role he surely has lined up all along’, but can a divisive Bojo heal Tory division between, Remain/Leave or Soft Vs Hard Brexit camps.

Under these extreme circumstances, perhaps Tory ministers will look to a fresh face unscathed by Brexit battles to lead the party, this unique factor sees Ladbrokes price new Home Secretary Sajid Javid at 4/1 to takeover party leadership.