A press release from bookmakers William Hill has cut the odds on the Tories being the largest party after the next General Election from 4/7 to 8/15. Labour are now at 11/8 and the LibDems on 80/1. Graham Sharpe of William Hill said:
"There has been no serious money for Labour to win the next General Election for months. Since Tony Blair announced he was going to stand down probably eighty per cent of the Election bets we have taken have been for the Tories."
Gordon Brown remains the hot favourite to succeed Tony Blair at 1/12 and Hilary Benn (3/1) just pips Alan Johnson (7/2) as favourite for the deputy leadership.
William Hill’s press release comes on the day that Populus gave the Tories an 8% lead and gloomier and gloomier indications from the Yates’ inquiry of bad news for Downing Street on loans-for-peerages.