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

Westminster city

Bacta strengthens Labour ties ahead of general election

As a British general election looks to be on the agenda in the second half …

SBC News UK Gambling warned of vital interplays as Affordability Checks blur spotlight

UK Gambling warned of vital interplays as Affordability Checks blur spotlight

Yesterday’s Annual General Meeting (AGM) of the Betting and Gaming Council (BGC) showcased the distinct …

Report: RET levy likely as MPs reappraise White Paper

MPs split on what is intrusive & frictionless on affordability checks debate

The debate on UK gambling adopting mandatory affordability checks on customers has drawn distinct opinions …