After 14 years of Tory rule, our friends in the UK look set to paint the town red when they finally get the chance to vote in a General Election.
Rishi Sunak – the third Conservative Prime Minister in this Parliament – has vowed there will be a poll in the second half of 2024, although you can be forgiven for thinking a politician’s promises is worthless these days.
The Tories can cling on until January 2025 under the terms of their victory at the last General Election in December 2019, although it seems almost irrelevant at this point as the latest opinion polls have Labour a long way clear.
Therefore, it’s hardly surprising that a Labour Majority can be found at a long odds-on price in our Next Government betting market.
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It is worth noting, however, that Keir Starmer and his band would need a record swing to capture a majority in Parliament so there could be value in the price of a Labour Minority.
The Liberal Democrats will be key to cutting down the Conservatives’ number of seats in the south of England and, despite failing to make much head way in the opinion polls, could significantly boost their own by recapturing some of their old stomping grounds.
They’ve got previous for forming alliances so a Lab/LD Coalition is priced as the third-most likely outcome by Paddy’s politics traders.
Still think the Tories have a chance of retaining power? Even after Sunak, Truss and Johnson? A Conservatives Minority is rated a 20/1 shot.
*All prices are bang up to date with our snazzy widgets, while odds in copy are accurate at time of publishing but subject to change
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