GE2017 Mark II just 5/2

Theresa-MaySo just who did lose the General Election? In the immediate aftermath of losing her parliamentary majority in an election she didn’t need to call, Theresa May gave a “let’s get to work” speech outside 10 Downing Street that gave the impression there hadn’t even been a vote. Meanwhile, Labour have been celebrating like victors despite winning 55 seats fewer than the Conservatives. The Lib Dems gained four seats but made little impression with their Remain-centred campaign, the SNP lost 19 MPs and UKIP’s share of the vote plummeted.

Holed below the waterline, May is set on a course of clinging on to the top job with the aid of Northern Ireland’s DUP – a Coalition of Chaos, if you like – but it’s a situation that looks untenable. She is 1/3 with Ladbrokes to be Prime Minister on July 1st, but despite his protestations to the contrary Boris Johnson looks a possibility to step in at 4/1.

The biggest losers are the electorate, who appear increasingly likely to face another vote within 12 months, possibly even in the autumn. Most political commentators are convinced that another election is inevitable in the short term and you can get 5/2 at Coral that it will be this year, or 9/4 with Bet365 that it will be called for 2018.