Next PM Odds: Wes Streeting the new Favourite over Nigel Farage

| Thursday 27th November 2025, 13:13pm

Thursday 27th November 2025, 13:13pm

10 downing street politics general election scaled

We are only 18 months or so removed from Sir Keir Starmer sweeping into office after a Labour landslide victory. This ended 14 years of Conservative Prime Ministers residing in 10 Downing Street but it hasn’t been plain sailing.

His approval ratings have been in the mud and the poll numbers even worse. It seemed all but certain that when he left the job, it would very much be all change but for the first time this year, Betfred traders do not have Nigel Farage at the betting favourite to replace him. Let’s check out who and why is now in line for the gig as we delve into the latest Next PM Odds here at Betfred…

Sports Welcome Offer

New customers only. Deposit via Debit Card & place first bet £10+ (1/1+) on Sports in 7 days. £30 Sports & £20 Acca Free Bets within 10 hrs of settlement. 7-day expiry. Eligibility, payment excl. & T&Cs Apply.

Sports Welcome Offer

The spectre of Nigel Farage has loomed large and the leader of Reform UK has been the favourite to be the next person to call 10 Downing Street home for a year or so now. The party has long been the top choice when people are asked about their voting intention. They’ve consistently been polling ten points clear of second-place Labour and it looked like was a relatively safe bet in the Next Prime Minister betting market as his Next PM Odds were so short.

In the summer, Betfred had Farage as short as 2/1 with Wes Streeting and Yvette Cooper some way back at 8/1. A flurry of rumour of bets came in for Andy Burnham that saw the Mayor of Greater Manchester become the second-favourite at 9/2 in the autumn but his chances of riding to the rescue of the Labour Party were always going to be complicated by the fact that he’s not currently a Member of Parliament.

One man that is though is the aforementioned Streeting. The MP for Ilford North is currently the Secretary of State for Health & Social Care and preceded the budget by announcing changes to the Sugar Tax. The 42 year-old has been talking himself up for the position for decades going back to his time as the leader of the National Union of Students. Therefore there seems little doubt that he’d be interested in the job and a Window of Opportunity is potentially opening to make a leadership challenge.

Undoubtedly, his biggest asset is the fact that he is a sitting MP. Burnham is not and with the extremely popular politician unavailable to take the fight to Starmer, that means his biggest rival is out of the running - short-term wise anyway. He’s also boosted by Angela Rayner’s recent troubles that saw her resign from being the Deputy Prime Minister. She could well be back in the cabinet soon but her position of strength has been seriously weakened.

The recent moves by tacking slightly to the left and opposing Digital ID proposals are going to be popular with the public and those who don’t want the Labour Party to be cast as ‘Conservative-lite’. Allies are also briefing that he’s becoming increasingly frustrated with how slow the party are to react to the popularity of Farage and Reform UK.

A problematic Budget coupled with poor polling numbers and a big threat from a populist party are a recipe for a leadership challenge. Keeping Burnham out of Westminster would certainly shore up Starmer’s chances but if Streeting ceases the opportunity to take his case to the party, LabourList polling suggests he could pull it off.

He leads a hypothetical matchup 31-33 with 36% of respondents unsure. That seems positive but those results are fourth on the list, with Starmer losing 40-44 to Ed Miliband, 33-52 to Rayner and 32-58 to Burnham. The latter two could well take him down but for differing reasons, have significant hurdles to overcome.

If Streeting wants the job, he’ll need to act soon and punters seemingly agree as he currently sits top of the betting market at 4/1, with Farage second at 11/2. Rayner comes in as the third choice at 13/2 with Shabana Mahmood (9/1), Burnham (12/1) and Miliband (21/1) rounding out the top six.

Next PM Odds FAQs

Who is the Favourite to be the Next Prime Minister?

As of November 27, 2025, Labour MP Wes Streeting is the Betting Favourite to be the Next Prime Minister with us at Betfred

Will Nigel Farage be the Next Prime Minister?

As of November 27, Nigel Farage is the second-favourite to be the Next Prime Minister at Betfred. He is priced up at 11/2, which equates to a 15% probability when we convert into implied odds.