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 – ended months of speculation by standing in the rain outside 10 Downing Street without an umbrella (the Steve McClaren effect still in full force) to announce a poll will be held on Thursday, July 4.
The Tories could have clung on until January 2025 under the terms of their victory at the last General Election in December 2019, although it seemed almost irrelevant by the time Sunak saw King Charles III to request the dissolution of Parliament as the latest opinion polls and May’s local elections have Labour a long, 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 a potential outcome by Paddy’s politics traders.
Nigel Farage standing in Clacton has acted as a political blue pill for Reform UK as they have risen in the polls in recent weeks and the Conservatives could come calling in a desperate bid to stay in power if the parliamentary arithmetic gives those two parties the most seats. A Cons/Reform UK Coalition is rated as the second most-likely outcome by our traders.
Still think the Tories have a chance of retaining power? Even after Sunak, Truss and Johnson? A Conservatives Minority is a 200/1 shot!
Read More: Next Conservative Leader Odds | Next Labour Leader Odds | UK General Election Predictions
*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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