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class="entry_header"> <h1 class="entry_header__title">General Election Odds: Labour majority backed after Tories lose key councils</h1> <ul class="entry_header__meta"> <li><a href="https://betting.betfair.com/authors/max-liu/">Max Liu</a></li> <li><time datetime="2023-05-05">05 May 2023</time></li> <li>3:00 min read</li> </ul> <script type="application/ld+json"> { "@context": "http://schema.org", "@type": "NewsArticle", "headline": "General Election Odds: Labour majority backed after Tories lose key councils", "name": "General Election Odds: Labour majority backed after Tories lose key councils", "description": "The local election results are still coming in but the odds on a Labour majority at the next general election have already shortened after they won key counc...", "url": "https://betting.betfair.com/politics/general-election/general-election-odds-labour-majority-odds-on-after-tories-lose-key-councils-050523-204.html", "mainEntityOfPage": "https://betting.betfair.com/politics/general-election/general-election-odds-labour-majority-odds-on-after-tories-lose-key-councils-050523-204.html", "datePublished": "2023-05-05T11:16:00+01:00", "dateModified": "2023-05-05T11:02:00+01:00", "articleBody": "The local election results are still coming in but the odds on a Labour majority at the next general election have already shortened after they won key councils from the Conservatives... Bad night for Tories as they lose councils Labour majority at next GE goes odds-on Starmer short price to be next PM A Labour majority at the next general election shortened to odds-on on the Betfair Exchange as early local election results showed them making key gains form the Conservatives. Labour were backed in to [1.91] from just over even money as counts continued across England. Yesterday, the Tories were heavy odds-on to lose more than 750 seats and some experts said after the initial results came in last night that they could lose around 1,000. Starmer short price to be next PM It was expected to be a bad night for the Conservatives, for whom Rishi Sunak is their fifth leader since coming to power in 2010, and the signs are that they will be booted out of office at the next general election. Bettors expect Sunak to lead his party into the election and think it unlikely he will be replaced in the meantime. Sunak is [11.5] to be replaced as Tory leader this year, [2.24] in 2024 and [1.83] for any later. Labour leader Keir Starmer said this morning that his party are ready for government and he is [1.28] to be the UK's next prime minister. Results show Sunak faces huge task The general election is likely to take place in May or October 2024 and between now and then it will be a surprise if Sunak can turn around his party's fortunes. He will have been particularly concerned to have already seen Labour gain control of key councils in the English local elections, including Medway, Plymouth and Stoke-on-Trent. The Liberal Democrats took control of Windsor and Maidenhead. However, Labour can take nothing for granted. Starmer said on Friday morning that, if the results were repeated nationally at a general election, his party would win by eight points. But some experts have said warned that Labour needs an advantage of 10 points to win the next general election and put Starmer in 10 Downing Street. Labour are hoping to make inroads in Scotland at the next general election due to the SNP's problems. Political bettors know that they should never write off the Tories - they have defied the odds to win before and remain Britain's most electorally successful party - but the local election results so far are encouraging for Labour and deeply concerning for the Conservatives. Keep up to date with all the latest politics betting news with Paul Krishnamurty on the live blog. ", "image":[ "https://betting.cdnppb.net/politics/Keir Starmer thumbs up.728x410.jpg", "https://betting.cdnppb.net/politics/Keir Starmer thumbs up.547x410.jpg", "https://betting.cdnppb.net/politics/Keir Starmer thumbs up.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": "Max Liu", "url": "https://betting.betfair.com/authors/max_liu" } } </script> </header> <div class="two_column_layout"> <main class="entry_main"> <div class="entry_img"> <img src="//betting.cdnppb.net/politics/Keir Starmer thumbs up.728x410.jpg" srcset="//betting.cdnppb.net/politics/Keir Starmer thumbs up.450x253.jpg 450w, //betting.cdnppb.net/politics/Keir Starmer thumbs up.600x338.jpg 600w, //betting.cdnppb.net/politics/Keir Starmer thumbs up.728x410.jpg 728w" alt="Labour leader Keir Starmer"> <figcaption class="entry_img__caption">Starmer is odds-on to be Britain's next prime minister</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> <a class="button btn--market" data-market_full="https://www.betfair.com/exchange/plus/politics/market/1.167249195" href="https://www.betfair.com/exchange/plus/politics/market/1.167249195">View market</a> </div> <div class="entry_actions__social entry_actions__social--twitter"> <a href="https://twitter.com/intent/tweet/?text=General%20Election%20Odds%3A%20Labour%20majority%20backed%20after%20Tories%20lose%20key%20councils&url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fgeneral-election%2Fgeneral-election-odds-labour-majority-odds-on-after-tories-lose-key-councils-050523-204.html" target="_blank" title="Twitter"><span class="sprite_icon sprite_icon--twitter">Twitter</span></a> </div> <div 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on a Labour majority at the next general election have already shortened after they won key councils from the Conservatives...</p></div> <div class="entry_body__content"> <div class="editor"> <ul> <li> <h3><strong>Bad night for Tories as they lose councils</strong></h3> </li> <li> <h3><strong>Labour majority at next GE goes odds-on</strong></h3> </li> <li> <h3><strong>Starmer short price to be next PM</strong></h3> </li> <hr><p><a href="https://www.betfair.com/exchange/plus/politics/market/1.167249195"><strong>A Labour majority at the next general election</strong></a> shortened to odds-on on the Betfair Exchange as early local election results showed them making key gains form the Conservatives.</p><p><a href="https://www.betfair.com/exchange/plus/politics/market/1.167249195"><strong>Labour were backed in to <b class="inline_odds" title="10/11"><span class="inline_odds__main">1.91</span><span class="inline_odds__tooltip">10/11</span></b></strong></a> from just over even money as counts continued across England.</p><p>Yesterday, the Tories were heavy odds-on to lose more than <strong>750 seats</strong> and some experts said after the initial results came in last night that they could lose around 1,000.</p><h2>Starmer short price to be next PM</h2><p></p><p>It was expected to be a bad night for the Conservatives, for whom <strong>Rishi Sunak</strong> is their fifth leader since coming to power in 2010, and the signs are that they will be booted out of office at the next general election.</p><p><span>Bettors expect Sunak to lead his party into the election and think it unlikely he will be replaced in the meantime. Sunak is </span><a href="https://www.betfair.com/exchange/plus/politics/market/1.205534173" target="_blank" rel="noopener"><span><b class="inline_odds" title="21/2"><span class="inline_odds__main">11.5</span><span class="inline_odds__tooltip">21/2</span></b> </span>to be replaced as Tory leader this year, <b class="inline_odds" title="5/4"><span class="inline_odds__main">2.24</span><span class="inline_odds__tooltip">5/4</span></b> in 2024 and <b class="inline_odds" title="4/5"><span class="inline_odds__main">1.83</span><span class="inline_odds__tooltip">4/5</span></b><span> </span>for any later</a><span>.</span></p><p>Labour leader Keir Starmer said this morning that his party are ready for government and he is <a href="https://www.betfair.com/exchange/plus/politics/market/1.205534101"><strong><b class="inline_odds" title="2/7"><span class="inline_odds__main">1.28</span><span class="inline_odds__tooltip">2/7</span></b> to be the UK's next prime minister</strong></a>.</p><h2>Results show Sunak faces huge task</h2><p></p><p>The general election is <a href="https://www.betfair.com/exchange/plus/politics/market/1.167249197"><strong>likely to take place in May or October 2024</strong></a> and between now and then it will be a surprise if Sunak can turn around his party's fortunes.</p><p>He will have been particularly concerned to have already seen <strong>Labour gain </strong><span><strong>control of key councils</strong> in the English local elections, including Medway, Plymouth and Stoke-on-Trent.</span></p><p><span>The Liberal Democrats took control of Windsor and Maidenhead.</span></p><p><span><img alt="Rishi Sunak outside 10 Downing St.jpg" src="//betting.cdnppb.net/politics/Rishi%20Sunak%20outside%2010%20Downing%20St.600x338.jpg" width="956" height="538" class="mt-image-none" loading="lazy"></span></p><p><span>However, Labour can take nothing for granted. Starmer said on Friday morning that, if the results were repeated nationally at a general election, his party would win by eight points. </span></p><p><span>But some experts have said warned that Labour needs an advantage of 10 points to win the next general election and put Starmer in 10 Downing Street. <strong>Labour are hoping to make inroads in Scotland</strong> at the next general election due to the SNP's problems.</span></p><p>Political bettors know that they should <strong>never write off the Tories</strong> - they have defied the odds to win before and remain Britain's most electorally successful party - but the local election results so far are encouraging for Labour and deeply concerning for the Conservatives.</p><blockquote> <p><a href="https://betting.betfair.com/politics/uk-politics/politics-live-the-latest-odds-moves-tips-and-analysis-on-betfairs-politics-markets-110122-171.html"><strong>Keep up to date with all the latest politics betting news with Paul Krishnamurty on the live blog</strong></a><span>.</span></p> </blockquote></ul> </div> </div> <section class="betting_copy"> <div class="editor"> <h2 class="promo-name bf-sportsbook" data-qa="promo-name">New customers can get £20 in free bets!</h2> <p>New customers can earn £20 in free bets when they place a £5 bet on the Sportsbook after signing up. <a href="https://promos.betfair.com/promotion?promoCode=ACQZBHC01B5G20">T&Cs apply.</a></p> <section class="promo__desc"> <div class="description "> <section class="promo__desc"> <div class="description"></div> </section> </div> </section> </div> </section> <div id="betslip" class="entry_body__extras"> <script id="bet_row_tmpl" type="text/x-custom-template"> <tr class="${idx} bet-row"> <td><span class="betting__remove" data-idx="${idx}">Remove</span></td> <td> ${label} <input type="hidden" name="instructions[${idx}][selection_id]" value="${selection_id}"> <input type="hidden" name="instructions[${idx}][side]" value="${side}"> </td> <td> <input 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name="instructions[${idx}][size]" placeholder="0" value="${size}" class="betting__stake" required></td> <td><span class="betting__profit">0.00</span></td> </tr> </script> <section class="live-betting"> <span id="gobet" class="gobet-anchor"></span> <article class="bet-now"> <span id="gobet-1.167249195" class="gobet-anchor"></span> <header class="bet-now__header"> <h3>UK - Next General Election: UK - Next General Election (Overall Majority)</h3> <span class="bet-slip-toggle"> <span class="bet-slip-toggle__show">Show</span> <span class="bet-slip-toggle__hide">Hide</span> </span> </header> <div class="bet-now__event"> <p>Thursday 2 May, 7.00am</p> <p><a href="https://www.betfair.com/www/GBR/en/aboutUs/Rules.and.Regulations/">Market rules</a></p> </div> <div class="bet-now__market bet-now__market__no-user"> <table> <thead> <tr> <th></th> <th>Back</th> <th>Lay</th> </tr> </thead> <tbody> <tr> <td>No Overall Majority</td> <td> <button type="button" class="betnow betnow--back" data-label="No Overall Majority" data-market_id="1.167249195" data-price="5.5" data-side="back" data-selection_id="1076592">5.5</button> </td> <td> <button type="button" class="betnow betnow--lay" data-label="No Overall Majority" data-market_id="1.167249195" data-price="5.8" data-side="lay" data-selection_id="1076592">5.8</button> </td> </tr> <tr> <td>Conservative Majority</td> <td> <button type="button" class="betnow betnow--back" data-label="Conservative Majority" data-market_id="1.167249195" data-price="12" data-side="back" data-selection_id="1405188">12</button> </td> <td> <button type="button" class="betnow betnow--lay" data-label="Conservative Majority" data-market_id="1.167249195" data-price="12.5" data-side="lay" data-selection_id="1405188">12.5</button> </td> </tr> <tr> <td>Labour Majority</td> <td> <button type="button" class="betnow betnow--back" data-label="Labour Majority" data-market_id="1.167249195" data-price="1.35" data-side="back" data-selection_id="1405187">1.35</button> </td> <td> <button type="button" class="betnow betnow--lay" data-label="Labour Majority" data-market_id="1.167249195" data-price="1.36" data-side="lay" data-selection_id="1405187">1.36</button> </td> </tr> <tr> <td>Liberal Democrat majority</td> <td> <button type="button" class="betnow betnow--back" data-label="Liberal Democrat majority" data-market_id="1.167249195" data-price="500" data-side="back" data-selection_id="12793562">500</button> </td> <td> <button type="button" class="betnow betnow--lay" data-label="Liberal Democrat majority" data-market_id="1.167249195" data-price="1000" data-side="lay" data-selection_id="12793562">1000</button> </td> </tr> </tbody> </table> </div> <div class="bet-now__controls"> <div class="bet-now__controls_up bet-now__controls_up--off">Up</div> <div class="bet-now__controls_down">Down</div> </div> <div class="bet-slip"> <header class="bet-slip__header"> <h3>Bet slip</h3> </header> <span class="bet-slip__close">Close</span> <div class="bet-slip__login"> <p> <a 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