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04 August 2008

Contender McDonnell Is Outsider For Labour Leader

The only man to declare himself a runner in the projected Labour Leadership contest, John McDonnell is quoted at a dismissive 50/1 outsider by William Hill.

"Mr McDonnell will relish a little personal publicity but has very little chance of winning any leadership contest." said William Hill's spokesman Graham Sharpe.

However, the bookies believe that David Miliband has a favourite's chance of becoming the next leader and have reduced his odds from 7/2 to 2/1 clear favourite.

William Hill make Jack Straw 4/1 second favourite to become the next leader with Alan Johnson at 5/1, Harriet Harman 7/1, Jon Crudass 8/1, John Denman 10/1, Ed Balls 12/1 and James Purnell 16/1.

Miliband is 5/1 with William Hill to be the new leader by January 1, 2009, 4/9 still to be Foreign Secretary on that date, 4/1 to be Chancellor then, 16/1 no longer to be in the Cabinet and 20/1 to occupy any other Cabinet position.

Gordon Brown is 5/6 to lead the Party into the next General Election.

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