SBC News UK Bookmakers cool on Owen Smith Labour leadership ambitions

UK Bookmakers cool on Owen Smith Labour leadership ambitions

Screen Shot 2016-07-20 at 11.09.48

UK bookmakers appear adamant that Jeremy Corbyn will keep his position as Labour Party leader despite the electoral challenge of Shadow Work & Pensions Secretary Owen Smith.

Smith will now challenge Corbyn at the upcoming Labour Party Elections on 24 September as sole leadership candidate, with Angela Eagles (Shadow Secretary of Business) having yesterday announced her departure from the race following the first round of MP Voting.

As a candidate Smith my carry favour with party moderates against Corbyn’s far-left support, however the majority of UK bookmakers’ have placed the Welshman at 2/1 to takeover the Labour leadership versus Corbyn’s 4/9 odds of retaining the position.  

In its latest party member polls released yesterday, YouGov reported that at present Corbyn had more than 54% of Labour public support (more than Owen and Eagles combined).

As the sole challenger to Corbyn, YouGov predicts that smith will have to claw back a 20 point deficit if he is to win the Labour leadership race.  

Despite Corbyn this month facing a mass shadow cabinet MP walkout following a vote of ‘no confidence’ in his leadership, the Labour leader appears to maintain his popularity with the party’s core base of supporters who will likely back him in September.

Check Also

SBC News Bookies Corner: Local Elections of consequence to the future of Party leaders

Bookies Corner: Local Elections of consequence to the future of Party leaders

On Thursday, the UK electorate will decide the +4,500 councillor seats servicing Britain’s local constituencies. …

SBC News Gambling Harm APPG: Industry leadership has no right to determine Review outcomes

Gambling Harm APPG: Industry leadership has no right to determine Review outcomes

MPs in the House of Commons held a two-hour debate yesterday, discussing a range of …

SBC News DCMS to further delay Gambling Review outcomes to May 2022

DCMS to further delay Gambling Review outcomes to May 2022

UK gambling stakeholders have been warned that the government will announce a further delay in …