🕒 Last Updated: 21 May 2026 – Odds and market information correct at time of last update. Political betting markets move quickly; please check with your bookmaker for current prices.
Andy Burnham has moved to evens favourite to become the next UK Prime Minister, one of the sharpest market moves in recent political betting. He was priced at 12/1 in March and 9/5 just two weeks ago. The move follows Wes Streeting’s resignation as Health Secretary, Labour’s May local election losses, and the triggering of the Makerfield by-election on 18 June, which Burnham is expected to contest as the Labour candidate.
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Next Prime Minister Odds – Latest Market
| Candidate | Odds (May 2026) |
|---|---|
| Andy Burnham | Evens |
| Angela Rayner | 9/4 to 5/1 |
| Wes Streeting | 11/2 |
| Ed Miliband | 5/1 to 6/1 |
| Nigel Farage | 6/1 |
| Rupert Lowe | 8/1 |
| Shabana Mahmood | 12/1 |
| Yvette Cooper | 16/1 |
| Sadiq Khan | 18/1 |
| David Lammy | 18/1 |
| Kemi Badenoch | 25/1 |
| Rachel Reeves | 33/1 |
| Zack Polanski | 33/1 |
| Boris Johnson | 66/1 |
| Ed Davey | 66/1 |
Burnham’s appeal is broader than most Labour figures. He retains strong backing among party members while also polling well with voters who have drifted to Reform and the Greens, a combination no other Labour figure can currently claim. His route to the top of the market runs through Makerfield: as Mayor of Greater Manchester he is not currently an MP, and winning the by-election on 18 June is the essential first step toward any leadership bid.
Angela Rayner’s odds vary significantly between bookmakers, from 9/4 at some to 5/1 at others, reflecting genuine uncertainty about her position. Her HMRC clearance earlier this month had briefly pushed her to favouritism with William Hill, but Burnham’s Makerfield announcement has since reshuffled the market. She remains a leading contender given her profile, her grassroots support, and the fact that she is already in Parliament.
Wes Streeting’s resignation as Health Secretary, citing that he had “lost confidence” in Starmer’s leadership, has formally opened the door to a Labour leadership contest and improved his own market position. His strong media presence and reform-focused image keep him in the top tier, with several bookmakers placing him third at 11/2.
Nigel Farage at 6/1 reflects Reform’s dominant polling position. Reform are now odds-on to win the most seats at the next general election, but Farage would almost certainly require a general election to reach Number 10. The betting implies that scenario is increasingly plausible, with 72% of bets on Oddschecker now backing 2026 as the year of the next election following the turmoil inside Labour.
For the full picture on Labour’s leadership race specifically, see the next Labour leader market.