Jeremy Corbyn will last less than 18 months as U.K. Labour Party leader, according to spread betting firm Sporting Index.
Corbyn will head Labour for 475 days, with a new leader replacing him on January 1, 2017, the London-based firm said.
Many of Labour’s most senior figures, including leadership contender Yvette Cooper and former business spokesman Chuka Umunna, ruled out working in Corbyn’s team. Corbyn named John McDonnell, an opponent of Bank of England independence, as the party’s Treasury spokesman.
“His shadow cabinet selections have left many of the Parliamentary Labour Party wondering how long they can leave Corbyn in charge – we make it 475 days,” said Ed Fulton, political spokesman for Sporting Index, in an e-mail release.
Andy Burnham, who came second in the leadership contest and will speak on home affairs for Corbyn, is favorite to replace him, odds from Paddy Power Plc show.