Labour election odds: Corbyn has NO CHANCE of becoming PM – latest odds

The general election is three weeks away and politicians across the country are ramping up their campaigns. The Labour Party launched its manifesto on Thursday which promised “radical” change to “transform” the UK and to renationalise rail, mail, water and energy. But what chance does Jeremy Corbyn have of replacing Boris Johnson as Prime Minister?

The latest odds from the Betfair Exchange reveal that Boris Johnson is leading the way with the race to be named the name prime minister at 2/7 odds.

By comparison, Jeremy Corbyn is trailing behind with 7/2 odds.

In terms of an overall majority, the Betfair Exchange forecasts the Conservatives chances at 8/15 odds and the bookmakers predicts there will be a no overall majority at 2/1 odds.

A chance of a Labour Party majority is however a much slimmer probability at just 37/1 odds.

READ MORE: Corbyn’s 6 ‘radical’ manifesto promises – but how will they be funded?

The party leader Mr Corbyn has vowed to undertake “a green transformation” of the economy, aiming to get the UK “on track” for a net-zero carbon system by the 2030s. 

The manifesto sets out plans for a windfall tax on oil firms and to scrap increases in the state pension age.

Regarding the hugely important issue of Brexit, Labour has pledged to renegotiate a new Brexit deal, incorporating a close relationship with the EU, before it is put to a “legally binding” referendum.

The party has promised to pay for pledges totalling almost £83bn, with increased taxation for high earners and a reversal of corporation tax cuts.

Other key initiatives included in the Labour manifesto include:

  • Designating £75bn to build 150,000 new council and social homes each year, within five years
  • Instituting a “real living wage” of at least £10 per hour
  • Introducing a second homes tax
  • Providing EU nationals living in the UK with an automatic right to stay
  • Reviewing the retirement age for people in hard manual jobs
  • Reversing inheritance tax cuts and imposing VAT on private school fees
  • Increasing the length of statutory maternity pay from nine months 
  • Providing free personal at-home care in England for over-65s most in need 
  • Renewing the Trident nuclear deterrent and spend at least 2 percent of GDP on defence 
  • Reducing all primary school classes to fewer than 30 children
  • Establishing a fund of £3bn to offer adults in England free access to retraining
  • Providing free broadband for all, delivered by part-nationalising BT
  • Reinstating 3,000 bus routes that have been scrapped
  • Reducing the voting age to 16
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The Labour leader went head-to-head with Boris Johnson on Tuesday, which was watched by 6.7 million people.

After the debate, ITV and Sky News published a poll indicating who voters believed had won the debate.

In a snap survey of 1,646 viewers conducted immediately after the debate, 51 percent of viewers believed Boris Johnson had performed the best, once the “don’t know” responses were removed, with 49 percent backing Jeremy Corbyn as the debate winner.

Most viewers thought the leaders had both performed well, with 67 percent saying Mr Corbyn had performed well and 59 percent for Mr Johnson.

In terms of the candidates likeability and trustworthiness, the poll found that Mr Corbyn was backed by 37 percent and 45 percent respectively, compared to Mr Johnson’s 54 percent and 40 percent.

The voters also believed he was much less “prime ministerial” than the current PM, at only 29 percent saying he comes across as “Prime Ministerial” compared to 54 percent for Mr Johnson.

However, Mr Corbyn did come out on top in terms of being most “in touch” with ordinary people, a total of 59 percent backing him in this area, against Mr Johnson’s 25 percent.

The most recent poll about each leader’s standing and how well they were doing in their job from Delta Poll revealed Mr Johnson was a stronger candidate.

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For the Labour leader just 25 percent believed he was doing his job well, compared to 68 percent who thought he was doing his job badly.

Mr Johnson meanwhile was thought to be doing a good job by 49 percent of voters, and a bad job by 45 percent.



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