Odds released on Coalition survival
Bookies are taking advantage of the cracks appearing in the coalition government by opening new betting markets for the new year. William Hill are offering odds of 4/1 that there will be a General Election during 2011, after Cabinet minister Vince Cable was stripped of some of his powers earlier this year. 2012 and 2013 elections are both priced at 6/1, though 2011 is likely to remain the firm favourite due to the latest goings on in parliament.
William Hill spokesperson Graeme Sharpe said: “The coalition relies on cross-party agreement, and the indication that there are significant cracks appearing could jeopardise the long-term survival of the arrangement.”
The odds on Vince Cable leaving the cabinet altogether before the end of 2011, either by quitting or being sacked, have halved, from 4/1 to just 2/1.
The result of the General Election is probably the most exciting market to bet on as it is likely to generate the most interest, with the following odds: 13/8 Hung Parliament; 7/4 Conservative Majority; 15/8 Labour Majority; 80/1 Lib-Dem Majority.