🕒 Last Updated: 20 November 2025 – Odds and market information correct at time of last update. Political betting markets move quickly; please check with your bookmaker for current prices.
The race to become the next Labour leader has taken a dramatic turn, with Wes Streeting now installed as the bookmakers’ favourite at 4/1. The development comes amid mounting pressure on Deputy Prime Minister Angela Rayner, who admitted she failed to pay the correct amount of stamp duty on her £800,000 seaside flat. Rayner referred herself to Sir Keir Starmer’s ethics advisor, insisting the error was a mistake based on professional advice. The scandal fuelled growing calls for her resignation and created fresh uncertainty around Labour’s leadership. Bookmakers also shortened the odds on Starmer himself stepping aside in response.
| Candidate | Odds | Implied Probability |
|---|---|---|
| Wes Streeting | 4/1 | 20% |
| Andy Burnham | 7/1 | 12.5% |
| Angela Rayner | 8/1 | 11.1% |
| Yvette Cooper | 10/1 | 9.1% |
Wes Streeting (4/1 – 20%)
The Health Secretary has emerged as the bookmakers’ frontrunner. Seen as one of Labour’s most polished media performers, Streeting has carved out a reputation as both pragmatic and ambitious. His growing profile and relatively clean record compared with his rivals make him a strong contender.
Dave James, odds analyst at WhatAreTheOdds.co.uk, said: “Streeting has quietly built a reputation as one of Labour’s rising stars. The odds now make him favourite, and he has the blend of youth, experience and media skills that could appeal to both party members and the wider electorate.”
The Mayor of Greater Manchester remains hugely popular outside Westminster and has long been tipped for a return to frontline politics. Questions remain about his willingness to leave the North West power base he has cultivated.
Dave James added: “Burnham has the experience and charisma that many believe Labour could benefit from in the long term. But unless he re-enters Parliament, his chances remain more theoretical than practical.”
Angela Rayner (8/1 – 11.1%)
Despite her current difficulties, Rayner remains in the conversation as a potential leader. Her working-class roots and strong public following give her appeal, but her position is vulnerable in light of the stamp duty controversy. Her profile since resigning has also seen bookmakers price her as a potential I’m A Celebrity contestant at 5/1.
Dave James noted: “Rayner is a natural communicator and has long been seen as a grassroots favourite. But the current scandal could undermine her credibility, making her leadership prospects uncertain at best.”
Yvette Cooper (10/1 – 9.1%)
The experienced Home Secretary is viewed as a safe pair of hands and a respected party figure. Her association with previous Labour leadership battles may count against her in a contest likely to favour fresh faces.