Miliband becomes bookmakers favourite to win UK General Election

Labour leader Ed Miliband has reversed UK bookmaker’s odds, and is now the favourite candidate to become Prime Minister after next month’s General Election.

Bookmakers Ladbrokes, Paddy Power and Betfair have placed Miliband as favourite to win on 7 May, making the labour leader the General Election market favourite for the first time since October 2014.

Paddy Power has now priced Ed Miliband at 5/6 odds, with Prime Minister David Cameron trailing behind on 10/11. The operator noted that UK momentum had swung towards the labour party last week.

David Cameron’s advisors may be regretting their leader’s rejection of last week’s BBC live Election Debate which was watched by 4.5 million viewers. Miliband used the platform to attack Cameron on undermining the National Health Service, UK education and the Conservative Party’s further planned economic recovery.

The majority of UK bookmakers continue to believe that the UK General Election will go down to the wire, and that at present the contest is too close to call. Bookmakers are favouring the outcome to be a minority led Labour or Conservative government.

An ICM poll published on Monday published by the Guardian found the Conservatives in the lead with the support of 34 % of voters and Labour at 32%.