Bookmaker Betfair now has Jeremy Corbyn down as favourite to be the next Prime Minister.
The Betfair Exchange has been updated and now looks like this:
Betfair spokesperson Katie Baylis said: “Just a few short hours ago no one would really have entertained the prospect of Corbyn being Prime Minister. But he has now gone into favourite at 5/4. He’s been as big as 37/1 on the next PM market so this is an incredible turn around in just a few short weeks.”
Sky News has Corbyn 5/6 to win the leadership, with Theresa May 6/4 to stay on as leader.
Meanwhile, Boris Johnson is 6/1 to be next PM.