Hills starting taking bets on when we’ll see the likes of this again – LAB winning a majority
The Exit poll. 10pm May 5th 2005
Will Corbyn make the red-team unelectable?
AS JEREMY CORBYN’s LAB leader odds are cut to their shortest yet at 2/9 (stake £9 for potential £2 profit) by William Hill, the bookies have also opened a market on when Labour will next achieve an overall majority government – and make between 2026-30 their 5/2 favourite – offering just 3/1 that it will not happen before 2031.
Hill’s spokesman Graham Sharpe said ‘With so many Labour figures predicting that a Corbyn victory could make the Party unelectable, we decided to start betting on just when the next Labour government will take office, and we don’t see it happening any time soon -probably not for at least fifteen years, in fact’.
Certainly it is hard to see this happening very soon and with the likely permanent loss of most of what were its Scottish strongholds it is hard to see the party recovering to win an overall majority.
As to the bet I can’t see the point of locking up cash for so long.