Rishi Sunak – tipped here for next PM when he was 200/1 now 25/1

Rishi Sunak – tipped here for next PM when he was 200/1 now 25/1

My Ladbrokes betting slip

Back at the end of November longstanding PBer, Philip Thompson, wrote a header here suggesting that the 200/1 then available on Rishi Sunak for next CON leader was a great value bet.

I was one of a number on the site who had a little flutter taking the 250/1 on Sunak after Ladbrokes boosted the odds. Clearly this is going to be a long term bet but I’m encouraged that the latest odds are now 25/1

In his post on November 30th Thomson argued:

” The market has a tendency to overestimate long established names, even David Miliband is still on the Betfair list. If the Conservatives do indeed win a healthy majority then we will quickly move on from the last generation of MPs that have stepped down and there are some potential future big hitters in that list.

Currently listed at 200/1 with Ladbrokes is Rishi Sunak. A supporter of Johnson he has repeatedly appeared on the media to argue the government’s line, after the newly elected PM culled the Cabinet and promoted Sunak he argued unequivocally that Johnson was being “decisive”. During the election campaign Sunak has been used frequently on media appearances, appearing on GMB, Sky, BBC etc. Already promoted once by Johnson to Chief Secretary of the Treasury, while not yet in the Cabinet he does attend it. Sunak has been earmarked by Boris to represent the Conservative Party in the 7-way debate and is already tipped to get a full Cabinet portfolio in the future.

My guess is that Sunak will get a boost to full cabinet status in the likely re-shuffle following Brexit at the end of January.

Mike Smithson

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