We took a look at one of the key markets for this year’s election
One of the key markers for any election is whether the winning party is able to obtain a majority, making it easier to pass bills through parliament.
But will the strong favourites, the Conservatives, manage to win the all-important majority? If not, what’s the next most likely scenario? Is there any chance of a Labour majority?
Well, we’ve taken a look at the market – so you don’t have to.
Conservative majority
This is, by some distance, the most likely outcome following the general election 2019.
Bookmakers currently have the odds at 2/5 that Boris Johnson and his party obtain the all-important majority. However, it has drifted after being as short as 1/4.
No overall majority
The next most likely scenario after the nation heads to the polls, bookmakers currently have this outcome priced at 9/4.
To speak in percentage chances, that’s the equivalent of a 31% chance that there’s no overall majority following polling day.
Labour majority
Someway off in the polls, the Labour Party are also considerably far away from the Tories in this betting market.
Jeremy Corbyn’s party have been cited as 33/1 shots to form a majority government, meaning they’re highly unlikely to do so.
Labour minority
However, one quirk with the current landscape of the political parties is that a Labour minority is more likely than a Conservative minority.
Due to the inability for the likes of the Liberal Democrats and SNP to align themselves with the Tories, Labour are 5/1 to form a minority government.
That’s considerably more likely than the Tories, who are 14/1 best price to be in power with a minority.
