Theresa May's U-turn on 'dementia tax' has led to Labour's odds dramatically shortening ahead of the General Election.
Theresa May’s U-turn on capping “dementia tax”, just four days after releasing the plan in the Conservative election manifesto, has caused the Labour party’s odds of winning the snap election to rapidly shorten.
The Conservative party’s manifesto threw out plans to place a cap on lifetime care costs, but in a desperate attempt to get her election campaign back on track, the Prime Minister has pledged to introduce a cap on lifetime care costs.
Health Secretary Jeremy Hunt explained: ”We want to make sure that people who have worked hard and saved up all their lifetimes, do not have to worry about losing all their assets through a disease as random as dementia.”
The latest polls shows that May’s manifesto release on Thursday led to Jermey Corbyn’s Labour party narrowing the gap on the Conservative party. Today’s U-turn might ease a few worries inside the Tory party but it will portrays uncertainty and an untrustworthiness among voters and punters alike.
Twelve different bookmakers have cut the odds on the Labour party winning the most seats at the upcoming General Election. Just ten days ago, Corbyn’s party was a massive 26/1 to win the most seats, however those odds are a thing of the past. On Thursday, following the Tories release of their manifesto, the Labour party were cut to 12/1. However, after today’s latest calamity their odds have shortened even further to 7/1 (one bookmaker remains at 12/1).
Since 10am this morning, Oddschecker have seen almost three times the amount of bets being placed on Labour to win the upcoming election compared to the Conservatives. After the announcement was made around midday regarding the U-turn on “dementia tax”, there has been several four-figured bets on the Labour party at odds ranging from 15/1 to 12/1.
Theresa May - Today I want to put an end to Jeremy Corbyn’s fake claims and clarify any doubts about our social care policy: pic.twitter.com/ngNI8VHc6C
— Conservatives (@Conservatives) May 22, 2017
Theresa May is doing a fine job of evening out the odds for the upcoming election. Even though she’s still odds-on to win, May was 1/100 just two weeks ago. Jeremey Corbyn’s odds to become Prime Minister have been cut to as short as 4/1 with one bookmaker, however others are remaining firm at 8/1. Before today we weren’t seeing many serious bets for the Labour party, however the latest headlines have led many to believe Corbyn coming into power could become a reality.
