Now that Sir Keir Starmer has resigned as Prime Minister the race is on to find his successor.
Former Mayor of Manchester Andy Burnham is favourite to be the next inhabitant of 10 Downing Street, particularly since his closest rival, Wes Streeting, has indicated he will not stand in a leadership election.
It means that he may be the only candidate for the job and could take over as PM as early as the middle of March.
Whoever gets the job, there will be a pretty major cabinet reshuffle and it seems certain that Rachel Reeves, who has served as Chancellor of the Exchequer since Labour’s landslide election victory in 2024, will be handing over the keys to 11 Downing Street.
Here are the 10 leading candidates to succeed her - according to the bookies.
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5. Pat McFadden - 10/1
Pat McFadden is currently Secretary of State for Work and Pensions, having previously served as Chancellor of the Duchy of Lancaster. He's a 10/1 shot to step up to the job of Chancellor of the Exchequer. | Getty Images
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6. Darren Jones - 14/1
Darren Jones has one of the longest titles in politics - being Chancellor of the Duchy of Lancaster, Chief Secretary to the Prime Minister and Minister for Intergovernmental Relations. It's rumoured that he might be interested in standing against Andy Burnham in the potential upcoming leadership election, and is also a 14/1 bet to be the next Chancellor. | Getty Images
7. Rebecca Long-Bailey - 14/1
Left-winger Rebecca Long-Bailey came second to Keir Starmer in the 2020 Labour Party leadership election, but in 2024 was suspended from the Labour Party for six months for voting for an SNP amendment to remove the two-child benefit cap. She's 14/1 to complete her political comeback by becoming Chancellor. | Getty Images
8. Louise Haigh - 14/1
Former Secretary of State for Transport Louise Haigh resigned from her cabinet position after it emerged she had pled guilty to 'fraud by false representation relating to misleading police' in 2014 (claiming a phone had been stolen during a mugging, when it later emerged that it had not). She's a 14/1 shot to return to cabinet in the second biggest job in government. | Getty Images