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David Cameron now favourite to become Prime Minister

The bookies make Cameron odds-on to remain head of British government

Thursday’s General Election is going to be a close run thing and it’s clear that there will be a hung parliament, although punters have been backing David Cameron to remain at number ten Downing Street.

Cameron was as big as 6/4 last week to retain his Prime Minister status, although the fact that the Conservatives are likely to generate the most seats at the 2015 election means that the Conservative leader could be in the box seat to form the next government.

Ed Miliband had been big odds-on last week with speculation suggesting that Labour would be ready to join forces with the SNP to get over the line and form a government.

However, Miliband appears to have little appetite for getting a deal done with Nicola Sturgeon’s party and the Labour leader is now even money with Coral to become the next Prime Minister of the country.

The Next Government market has been fascinating all the way through, with a Labour Minority now trading at odds of 2/1, although the big market mover has been a Conservative – Liberal Democrat coalition and that can now be backed at odds of 3/1.

Nick Clegg has been sounding off that the Liberal Democrats must be part of a successful government moving forward, even if his party are set to lose a bunch of seats at the next election.

Clegg himself is not in a particularly safe seat, with the voters of Sheffield Hallam considering whether to vote Labour and help Miliband to number ten.

Betfair go as big as 5/1 that the Conservatives will form a minority government although it doesn’t appear as though the Tories have many potential allies and the Lib Dems will surely demand a coalition to continue as a partnership.

A Labour and Liberal Democrat coalition appears less likely than one featuring the latter and the Tories, with that outcome priced at 8/1, while the possibility of UKIP being involved now seems like a very remote one.

No Overall Majority can be backed at a best price of 1/14, with the Labour and Conservative Party set to return a similar number of MP’s.

All odds were correct at time of posting.

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