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Story summary
- Andy Burnham (Labour) has emerged as the frontrunner to lead the Labour Party after MP Andrew Gwynne steps down, with odds moving from 6/1 to 3/1 and 76% of bets backing him.
- He is now a joint-second favourite at 11/2, alongside Angela Rayner.
- Analysts say this by-election could be Burnham's best chance to return to Westminster amid competition from Reform UK and the Green Party and to challenge Keir Starmer.
