For the second consecutive year, early summer in the UK will be marked by political upheavel after Prime Minister Theresa May called a snap General Election for June 8th.
Despite suggesting numerous times that she believed an election would not be good for stability in the country, May is determined to seize on Labour’s internal strife to strengthen her majority in the House of Commons.
The Conservatives are currently so far ahead in the opinion polls that this election looks set to be an uninspiring event in betting terms, with the Tories no bigger than 1/16 with Betfred to win the most seats.
They currently hold 330 seats and appear to be confident of increasing that number significantly, with Coral offering 5/6 that they get 379 or more – and that looks to be the most interesting market to track as the vote draws nearer.
Expect significant moves, too, in the next Labour leader betting. Jeremy Corbyn may be hinting at staying on even if his party suffer heavy losses – but a change appears inevitable sooner rather than later.
Yvette Cooper, who proved a fiery opponent to May as Shadow Home Secretary, is the market leader at best odds of 5/1 with Unibet, having shortened from 10/1 over recent days. Cooper certainly looks well placed to carry the fight to the current PM.
Keir Starmer, who has fronted Labour’s Brexit response, is at 6/1 with Bet365 (as short as 4/1 elsewhere), with Clive Lewis a 12/1 chance with the same bookmaker.