— James Davies (@jamesorharry) May 16, 2018
My twin strategies when it comes to betting on Theresa May’s successor is to lay the favourite(s) and back long odds (cabinet) ministers who appear to have potential. The latter has proven a very successful approach with the likes of Jeremy Hunt and Sajid Javid who were tipped and backed at odds of 100/1 and 60/1.
So the latest addition to the latter list is Matt Hancock, who is currently 100/1 with Ladbrokes to succeed Mrs May. He’s proving to be a very competent minister, as exemplified by the decision this week to limit the stakes of FOBTs to £2.
He’s also certain to receive a good press because of his opposition to Leveson 2 which could have bankrupted newspapers with numerous vexatious complaints from people with politically driven agendas.
The other advantage that Hancock has is he is close to the Cameroon wing of the party who still have a substantial number in Parliament. Before becoming an MP Hancock served as George Osborne’s Chief of Staff so he knows how to work the party and its MPs.
The Cameroon wing of the party are also looking for a standard bearer since David Cameron stood down and Hancock’s views are very much in line with the only man to have won the Tories a majority in the last 26 years and counting.
Like Hunt and Javid, Hancock has all the potential to be a great trading bet, if the Tories are looking to jump a generation Hancock also fits that bill as he is yet to turn 40. A half competent cabinet minister with youth on their side really shouldn’t be a 100/1 chance to succeed Mrs May.
PS – Another Matt Hancock tip is the 20/1 Ladbrokes are offering on him to be the next Chancellor of the Exchequer.