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class="entry_header"> <h1 class="entry_header__title">Brexit Latest - Is an October election inevitable?</h1> <ul class="entry_header__meta"> <li><a href="https://betting.betfair.com/authors/paul-krishnamurty/">Paul Krishnamurty</a></li> <li><time datetime="2019-09-03">03 September 2019</time></li> </ul> <script type="application/ld+json"> { "@context": "http://schema.org", "@type": "NewsArticle", "headline": "Brexit Latest - Is an October election inevitable?", "name": "Brexit Latest - Is an October election inevitable?", "description": "An October election is now odds-on but will the opposition let Boris Johnson have his way? Paul Krishnamurty is sceptical...", "url": "https://betting.betfair.com/politics/brexit/brexit-latest-is-an-october-election-inevitable-030919-171.html", "mainEntityOfPage": "https://betting.betfair.com/politics/brexit/brexit-latest-is-an-october-election-inevitable-030919-171.html", "datePublished": "2019-09-03T09:34:00+01:00", "dateModified": "2019-09-03T10:33:00+01:00", "articleBody": "An October election is now odds-on but will the opposition let Boris Johnson have his way? Paul Krishnamurty is sceptical... After yet another extraordinary, dramatic day in UK politics, few if any observers are any clearer. Quelle surprise. Protesters almost drown out Johnson speech An October General Election - tipped here last week at [4.6], crashed into [1.25] after it was announced Boris Johnson would address the nation at 6pm, straight after his MPs. In a bizarre and surely unprecedented situation, the PM's words were almost drowned out by protesters. He did not look comfortable. Far from announcing an election though, the PM made a point of saying he didn't want one. Rather, the government has said it will try to call an election if, as expected, parliament votes to take control of the order paper and then demand Johnson to seek an extension to Article 50. The market barely moved. Anti no-deal bill expected to pass Labour backbencher Hillary Benn will introduce this bill to stop No Deal happening without the consent of parliament - see his Twitter thread below for details. Betfair punters strongly expect it to pass - our new market rates that a [1.15] chance. 1/8 The European Union (Withdrawal) (No. 6) Bill 2019 pic.twitter.com/16cmhdRkOp&mdash; Hilary Benn (@hilarybennmp) September 2, 2019 What happens next? Everybody on all sides understands this is a game in which the rules are constantly changing. That adds to the unpredictability. Opponents distrust Johnson on election date Assuming today's bill passes, Johnson will try and force an election through - framed around his preferred 'parliament versus the people' narrative. The government says it would be for October 14th but in such circumstances, the Prime Minister can move the date. A big problem because his opponents know that. PM saying he's encouraged by 'progress' in talks with EU is nonsense: govt has not put forward any proposals in negotiations; &amp; Cummings thinks they are a 'sham'. https://t.co/1IOG8cd8e1&mdash; Keir Starmer (@Keir_Starmer) September 2, 2019 In order to force this election, Johnson needs 434 votes. This could only happen if Jeremy Corbyn whips his MPs to support it. The next moves of the Labour leadership are arguably more important now. The latest (subject to change by the time this is published) is that Corbyn says he will back an October election, but only if the pre-Brexit date can be guaranteed. As I understand, it can't. In order to get Labour backing, Johnson might have to take his cue from parliament and extend the Article 50 date. This might represent a turnaround in terms of tactical superiority. If Labour block the election, Johnson is in an awful position. No parliamentary majority and unable to get a chance to win one unless he betrays his supporters and most important pledge. Tory civil war escalating by the hour The PM must also deal with his party's civil war. The threats to deselect 'disloyal' Tory MPs appear to be backfiring. Philip Hammond's constituency party have already acted to re-select him. Will the leadership want to go to war with local associations?Other rebels appear to be standing their ground. JRM asks MPs to support the Govt in its negotiations. I did. I voted for the conclusions of the negotiations brought to Parliament in the WA. JRM, his friends and current Cabinet members did not. Why am I, having loyally supported, now being threatened and not them? https://t.co/vCHLTeufrf&mdash; Alistair Burt (@AlistairBurtUK) September 1, 2019 On the other side of that right-wing scuffle, Nigel Farage has confirmed what most of us expected. They will form a pact with Johnson's Tories but only if they promise to leave without a deal. BREAKING: Nigel Farage confirms Brexit Party won't stand against Conservative candidates in an election if Boris Johnson promises to leave the EU without a deal. "Of course we'll put country before party." Massively helps the Tory vote, while the opposition is divided @BBCr4today&mdash; Paul Brand (@PaulBrandITV) September 3, 2019 It is hard to see any sense in Labour supporting an election before the Brexit date. They are behind in the polls but that could change if Brexit doesn't happen by 31st October. I'm strongly of the view that voters are largely disengaged nowadays and respond suddenly to shocks or big events. Hence why the Tory share held up during two years of non-progress and then suddenly collapsed, but only once it became abundantly clear the exit date would be missed. Labour would be better served by waiting Of course they want an election but there will be many more opportunities. Parliament can't stay suspended forever and the Tories can't govern on these numbers or amid this deadlock. The government is facing legal challenges. It will only get worse for Johnson. We may even be looking at a catastrophically short tenure as PM. He was last matched at just [4.5] to leave post in 2019. So how to play these markets? As updated on Twitter yesterday, I've cashed out of last week's bet on October. I now think even [1.61] is a bit short and that November is preferable at [5.6]. This market may well swing back and forth in the days ahead. Cashed out now average 1.5. Reluctantly. I expect it but these markets could go crazy over next few days. https://t.co/tzZAjvKeHF&mdash; Political Gambler (@paulmotty) September 2, 2019 I expect the Hillary Benn bill to pass and land those short odds. There is also a new market on the 'Number of Ayes'. Liquidity is miniscule so far but when it builds, I'll be looking at the bands around 330 to 340. Bet on UK politics here Year of Next Election When Will Next Election Take Place? Hillary Benn No Deal Bill No Deal Bill - Number of Ayes Brexit on 31/10/2019 Prime Minister after Boris Johnson Second Vote of No Confidence in 2019 No Deal Brexit in 2019 Article 50 to be Revoked Brexit Date First to Happen - Brexit or General Election? Follow Paul on Twitter and check out his website, Political Gambler. ", "image":[ "https://betting.cdnppb.net/politics/Jeremy-Corbyn-and_Keir-Starmer 1280.728x410.jpg", "https://betting.cdnppb.net/politics/Jeremy-Corbyn-and_Keir-Starmer 1280.547x410.jpg", "https://betting.cdnppb.net/politics/Jeremy-Corbyn-and_Keir-Starmer 1280.410x410.jpg" ], "publisher": { "@type": "Organization", "name": "Betting.Betfair", "logo": { "@type": "ImageObject", "url": "https://betting.cdnppb.net/assets/img/betfairlogoblack.ea48b4e0.png" }, "url": "https://betting.betfair.com/" }, "author": { "@type": "Person", "name": "Paul Krishnamurty", "url": "https://betting.betfair.com/authors/paul_krishnamurty" } } </script> </header> <div class="two_column_layout"> <main class="entry_main"> <div class="entry_img"> <img src="//betting.cdnppb.net/politics/Jeremy-Corbyn-and_Keir-Starmer 1280.728x409.jpg" srcset="//betting.cdnppb.net/politics/Jeremy-Corbyn-and_Keir-Starmer 1280.450x253.jpg 450w, //betting.cdnppb.net/politics/Jeremy-Corbyn-and_Keir-Starmer 1280.600x337.jpg 600w, //betting.cdnppb.net/politics/Jeremy-Corbyn-and_Keir-Starmer 1280.728x409.jpg 728w" alt="Jeremy Corbyn and Keir Starmer"> <figcaption class="entry_img__caption">Labour have a huge tactical decision to make</figcaption> </div> <div class="entry_actions"> <div> <a class="button button--dark" href="https://promos.betfair.com/promotion?promoCode=ACQZBGC01B10G30A&prod=90&rfr=2573">Join</a> </div> <div> </div> <div class="entry_actions__social entry_actions__social--twitter"> <a href="https://twitter.com/intent/tweet/?text=Brexit%20Latest%20-%20Is%20an%20October%20election%20inevitable%3F&url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fbrexit%2Fbrexit-latest-is-an-october-election-inevitable-030919-171.html" target="_blank" title="Twitter"><span class="sprite_icon sprite_icon--twitter">Twitter</span></a> </div> <div class="entry_actions__social entry_actions__social--facebook"> <a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fbrexit%2Fbrexit-latest-is-an-october-election-inevitable-030919-171.html" target="_blank" title="Facebook"><span class="sprite_icon sprite_icon--facebook">Facebook</span></a> </div> <div class="entry_actions__social entry_actions__social--reddit"> <a href="https://www.reddit.com/submit/?url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fbrexit%2Fbrexit-latest-is-an-october-election-inevitable-030919-171.html" target="_blank" title="Reddit"><span class="sprite_icon sprite_icon--reddit">Reddit</span></a> </div> <div class="entry_actions__social entry_actions__social--whatsapp"> <a href="https://api.whatsapp.com/send?text=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fbrexit%2Fbrexit-latest-is-an-october-election-inevitable-030919-171.html" target="_blank" title="WhatsApp"><span class="sprite_icon sprite_icon--whatsapp">WhatsApp</span></a> </div> <div class="entry_actions__social entry_actions__social--telegram"> <a href="https://t.me/share/url?url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fbrexit%2Fbrexit-latest-is-an-october-election-inevitable-030919-171.html&text=Brexit%20Latest%20-%20Is%20an%20October%20election%20inevitable%3F" target="_blank" title="Telegram"><span class="sprite_icon sprite_icon--telegram">Telegram</span></a> </div> <div> <a class="button button--dark" href="#betslip">View the Betslip</a> </div> </div> <div class="entry_body has-odds"> <div class="entry_body__intro"><p>An October election is now odds-on but will the opposition let Boris Johnson have his way? Paul Krishnamurty is sceptical...</p></div> <div class="entry_body__quote"> <blockquote><p>"It is hard to see any sense in Labour supporting an election before the Brexit date...there will be many more opportunities and the Tories can’t govern...It will only get worse for Johnson."</p> <p><a href="https://btfr.co/154849135" target="_blank">Back a November General Election @ <b class="inline_odds" title="9/2"><span class="inline_odds__main">5.6</span><span class="inline_odds__tooltip">9/2</span></b></a></p></blockquote> </div> <div class="entry_body__content"> <div class="editor"> <p>After yet another extraordinary, dramatic day in UK politics, few if any observers are any clearer. Quelle surprise.<p><strong><h2>Protesters almost drown out Johnson speech</h2></strong></p><p>An <strong><span>October General Election</span></strong> - <strong><a href="https://betting.betfair.com/politics/brexit/brexit-latest---general-election-odds-on-to-happen-before-brexit-290819-171.html" target="_blank">tipped here last week at <b class="inline_odds" title="7/2"><span class="inline_odds__main">4.6</span><span class="inline_odds__tooltip">7/2</span></b></a></strong>, crashed into <b class="inline_odds" title="1/4"><span class="inline_odds__main">1.25</span><span class="inline_odds__tooltip">1/4</span></b> after it was announced Boris Johnson would address the nation at 6pm, straight after his MPs. In a bizarre and surely unprecedented situation, the PM's words were almost drowned out by protesters. He did not look comfortable.</p><p>Far from announcing an election though, the PM made a point of saying he didn't want one. Rather, the government has said it will try to call an election if, as expected, parliament votes to take control of the order paper and then demand Johnson to seek an extension to Article 50. The market barely moved. </p><p><strong><h2>Anti no-deal bill expected to pass</h2></strong></p><p>Labour backbencher Hillary Benn will introduce this bill to stop No Deal happening without the consent of parliament - see his Twitter thread below for details. Betfair punters strongly expect it to pass - our <strong><span>new market</span></strong> rates that a <b class="inline_odds" title="2/13"><span class="inline_odds__main">1.15</span><span class="inline_odds__tooltip">2/13</span></b> chance.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">1/8 The European Union (Withdrawal) (No. 6) Bill 2019 <a href="https://t.co/16cmhdRkOp">pic.twitter.com/16cmhdRkOp</a></p>? Hilary Benn (@hilarybennmp) <a href="https://twitter.com/hilarybennmp/status/1168560598650621953?ref_src=twsrc%5Etfw">September 2, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p> What happens next? Everybody on all sides understands this is a game in which the rules are constantly changing. That adds to the unpredictability. </p><p><strong><h2>Opponents distrust Johnson on election date</h2></strong></p><p>Assuming today's bill passes, Johnson will try and force an election through - framed around his preferred 'parliament versus the people' narrative. The government says it would be for <strong>October 14th</strong> but in such circumstances, the Prime Minister can move the date. A big problem because his opponents know that.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">PM saying he's encouraged by 'progress' in talks with EU is nonsense: govt has not put forward any proposals in negotiations; & Cummings thinks they are a 'sham'. <a href="https://t.co/1IOG8cd8e1">https://t.co/1IOG8cd8e1</a></p>? Keir Starmer (@Keir_Starmer) <a href="https://twitter.com/Keir_Starmer/status/1168644362546372608?ref_src=twsrc%5Etfw">September 2, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>In order to force this election, Johnson needs 434 votes. This could only happen if Jeremy Corbyn whips his MPs to support it. The next moves of the Labour leadership are arguably more important now. </p><p>The latest (subject to change by the time this is published) is that <strong>Corbyn says he will back an October election</strong>, but only if the pre-Brexit date can be guaranteed. As I understand, it can't.<br> In order to get Labour backing, Johnson might have to take his cue from parliament and extend the Article 50 date.</p><p>This might represent a turnaround in terms of tactical superiority. If Labour block the election, Johnson is in an awful position. No parliamentary majority and unable to get a chance to win one unless he betrays his supporters and most important pledge.</p><p><strong><h2>Tory civil war escalating by the hour</h2></strong></p><p>The PM must also deal with his party's civil war. The threats to deselect 'disloyal' Tory MPs appear to be backfiring. <strong>Philip Hammond</strong>'s constituency party have already acted to re-select him. Will the leadership want to go to war with local associations?Other rebels appear to be standing their ground.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">JRM asks MPs to support the Govt in its negotiations. I did. I voted for the conclusions of the negotiations brought to Parliament in the WA. JRM, his friends and current Cabinet members did not. Why am I, having loyally supported, now being threatened and not them? <a href="https://t.co/vCHLTeufrf">https://t.co/vCHLTeufrf</a></p>? Alistair Burt (@AlistairBurtUK) <a href="https://twitter.com/AlistairBurtUK/status/1168079505325535232?ref_src=twsrc%5Etfw">September 1, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>On the other side of that right-wing scuffle, <strong>Nigel Farage</strong> has confirmed what most of us expected. They will form a pact with Johnson's Tories but only if they promise to leave without a deal.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">BREAKING: Nigel Farage confirms Brexit Party won't stand against Conservative candidates in an election if Boris Johnson promises to leave the EU without a deal. "Of course we'll put country before party." Massively helps the Tory vote, while the opposition is divided <a href="https://twitter.com/BBCr4today?ref_src=twsrc%5Etfw">@BBCr4today</a></p>? Paul Brand (@PaulBrandITV) <a href="https://twitter.com/PaulBrandITV/status/1168792492038217728?ref_src=twsrc%5Etfw">September 3, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>It is hard to see any sense in Labour supporting an election before the Brexit date. They are behind in the polls but that could change if Brexit doesn't happen by 31st October.</p><p>I'm strongly of the view that voters are largely disengaged nowadays and respond suddenly to shocks or big events. Hence why the Tory share held up during two years of non-progress and then suddenly collapsed, but only once it became abundantly clear the exit date would be missed.</p><p><strong><h2>Labour would be better served by waiting</h2></strong></p><p>Of course they want an election but there will be many more opportunities. Parliament can't stay suspended forever and the Tories can't govern on these numbers or amid this deadlock. <strong>The government is facing legal challenges</strong>. It will only get worse for Johnson. We may even be looking at a catastrophically short tenure as PM. He was last matched at just <b class="inline_odds" title="7/2"><span class="inline_odds__main">4.5</span><span class="inline_odds__tooltip">7/2</span></b> <strong><span>to leave post in 2019</span></strong>. </p><p>So how to play these markets? As updated on Twitter yesterday, I've cashed out of last week's bet on October. I now think even <b class="inline_odds" title="8/13"><span class="inline_odds__main">1.61</span><span class="inline_odds__tooltip">8/13</span></b> is a bit short and that <strong>November is preferable at <b class="inline_odds" title="9/2"><span class="inline_odds__main">5.6</span><span class="inline_odds__tooltip">9/2</span></b></strong>. This market may well swing back and forth in the days ahead.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Cashed out now average 1.5. Reluctantly. I expect it but these markets could go crazy over next few days. <a href="https://t.co/tzZAjvKeHF">https://t.co/tzZAjvKeHF</a></p>? Political Gambler (@paulmotty) <a href="https://twitter.com/paulmotty/status/1168569687682293762?ref_src=twsrc%5Etfw">September 2, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>I expect the Hillary Benn bill to pass and land those short odds. There is also a new market on the '<strong><span>Number of Ayes</span></strong>'. Liquidity is miniscule so far but when it builds, I'll be looking at the bands around 330 to 340.</p><p><strong><h2>Bet on UK politics here</h2></strong></p><p><strong><span>Year of Next Election</span></strong><br> <strong><span>When Will Next Election Take Place?</span></strong><br> <strong><span>Hillary Benn No Deal Bill</span></strong><br> <strong><span>No Deal Bill - Number of Ayes</span></strong><br> <strong><span>Brexit on 31/10/2019</span></strong><br> <strong><span>Prime Minister after Boris Johnson</span></strong><br> <strong><span>Second Vote of No Confidence in 2019</span></strong><br> <strong><span>No Deal Brexit in 2019</span></strong><br> <strong><span>Article 50 to be Revoked</span></strong><br> <strong><span>Brexit Date</span></strong><br> <strong><span>First to Happen - Brexit or General Election?</span></strong></p><p><br> <strong>Follow Paul <a href="https://twitter.com/paulmotty?lang=en-gb" target="_blank">on Twitter</a> and check out his website, <a 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