Labour odds-on for next General Election after Government loses key Brexit vote

The Government’s defeat in the crucial EU bill vote last night has thrown a spanner in the Brexit works – and we don’t mean Theresa May.

For the beleaguered Prime Minister, the defeat marks a big step back after a couple of forward paces recently, with a slew of Tory rebels going against her guidance.

With Labour’s support growing both in and out of the Commons, they are now odds-on to gain most seats at the next General Election at 8/11.

We make next year the favourite (6/4) for the date of that election, while defeat would surely signal the end of May – with Jacob Rees-Mogg’s odds to replace her shortening this week to 4/1.

Scottish Conservative Leader, Ruth Davidson, who could be set to run as an MP, has also seen her odds slashed to 10/1 as May’s successor.

We’re also odds-on that more than one PM will be involved in the Brexit negotiations before the deadline (4/11), and are as short as 3/1 that a deal will not be reached in time.

We also quote 12/1 that a second EU Referendum will be held by then, and 50/1 that May performs a EU-turn and decides to Remain.

Asked about last night’s vote spokesman Paddy Power said: “The government’s defeat in the House of Commons puts the brakes on the Brexit bus, just as it’d got out of first gear.

“For Theresa May, it could be the end of her stint in the driving seat – after all, it’s dangerous to drive in kitten heels, and she looks like she could do with a long old nap in the back.”

4/11       More than one PM to be involved in Brexit negotiations before April 1st 2019
8/11       Labour to win most seats at the next UK General Election
6/4         Next UK General Election to take place in 2018
3/1         No Brexit deal to be reached by the deadline
12/1       Second EU Referendum to be held before April 1st 2019
50/1       Theresa May to announce that the UK will remain in the EU

4/1         Jacob Rees-Mogg
9/2         David Davis
6/1         Boris Johnson
9/1         Amber Rudd
10/1       Andrea Leadsom
10/1       Ruth Davidson
12/1       Michael Gove

Paddy Power’s full UK politics betting markets can be found here.

* All odds correct at time of posting.