General Election 2019 Odds Slump to Lowest Ever Price
The UK looks to be heading towards a general election in 2019 and betting companies are shifting their prices in expectation of a snap announcement.
Boris Johnson has been in power as Prime Minister less than a month but parliamentary mechanisms are already working to oust the Tory leader.
The Fixed-term Parliaments Act dictates that elections are spaced five years apart.
Only when a two-thirds majority in the House of Commons calls for a snap vote, or the Commons deliver a No Confidence vote in the government, can a fresh election be called.
There is speculation MPs could push through a No Confidence vote in the government, bringing it down and installing a new ‘unity PM’ before then calling a general election.
And bookmakers Unibet have seen their odds on a 2019 general election crash to an all-time low of 33/100.
Boris Bracing Himself
The prime minister has so far brushed off fears of being wrestled out of power, only to then face a general election.
Yet it appears as though the Conservatives are preparing for this eventuality. Mr Johnson has begun his premiership with a raft of new policies, including funding pledges for the NHS and a drive to recruit 20,000 police officers in the next three years.
Commentators claim he is feathering out his policy breadth in preparation for a showdown versus Labour’s Jeremy Corbyn at an election.
When Theresa May called a snap election in 2017, she ran on a ticket of Brexit stability. Mr Corbyn’s policies on welfare reform, the NHS and housing proved just as popular as her one-policy ticket.
What Will Happen Next?
MPs are not set to return from the summer recess until September 3, with Brexit and the UK’s October 31 leave date top of the agenda.
Mr Johnson insists he can deliver Brexit whether the UK agree to a deal with the EU or not — and that has alarmed MPs from across the political spectrum who are desperate to block No Deal at all costs.
Should Parliament successfully oust Mr Johnson from power, it doesn’t mean he won’t win the subsequent election.
Indeed, Johnson is now leader of the Conservative party and would go head-to-head with Corbyn and the Lib Dems’ Jo Swinson at the polls.
In political betting markets, the Tories are currently 4/6 with Betway to win most seats at the next election — whenever that is — with Labour having drifted to 5/2.
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