When Mrs May announces her decision to stand down or is removed
Announcing her departure at the Tory conference in October 2018 looks value at 12/1 I like this market from Paddy Power, a lot of the markets on Theresa May’s departure are when she formally stops being Prime Minister, this market is when she announces her intention to stand down (or loses a vote of confidence of the parliamentary party), not when she actually goes. For example if this market had existed for David Cameron, it would have paid out on…