The 2017 general election: The most profitable general election ever for the bookies

The 2017 general election: The most profitable general election ever for the bookies

Matthew Shaddick (Shadsy) of Ladbrokes on how the bookies did at the 2017 general election. I can only speak confidently for Ladbrokes (and Corals!) but the 2017 general election was almost certainly the most profitable in history for UK bookies. After the bloodbath of a Tory majority in 2015, we managed to win most of that back with the result on Thursday. Essentially, a hung parliament with the Tories remaining as the largest party and in government was our optimal…

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Why Tory MPs must stop the Tory DUP deal from happening

Why Tory MPs must stop the Tory DUP deal from happening

https://twitter.com/jimwaterson/status/873572388293808129 By allying herself with a party that has an MP that called homosexuals ‘poofs’ and ‘perverts’ Theresa May is once again putting herself ahead of the party and country, the Tory party has to stop her committing yet another huge mistake. Though the DUP denied it, last night it was reported that the Tories and DUP had struck a supply and confidence deal, a poll from Survation, the most accurate pollster in terms of voting intention shares for the general election,…

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From loser to leader – and beyond

From loser to leader – and beyond

After Jeremy Corbyn’s stunning general election vindication, he must now show real leadership by reaching out to all parts of the Labour party, argues Joff Wild So, Jeremy Corbyn will be able to take a holiday in August. After spending the last two summers fighting Labour leadership elections, this year he can head off for a fortnight at a socialist poetry workshop in the sun safe in the knowledge that he stands triumphant and unassailable as leader of the party….

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Ideas, events and people. What the Conservatives need to do next

Ideas, events and people. What the Conservatives need to do next

Theresa May is under enormous pressure following her failure to win an overall majority.  Straw-laden pitchforks are being doused with petrol, the pearl-handled revolver is being polished.  She cannot continue, it is being said. She’s lost all her authority, anonymous briefings growl.  The question that exercises many is whether she should go at once or later.  Different names are being touted as her replacement (one suspects by the would-be replacements). The Conservatives are repeating their mistakes from the election campaign. …

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Those who rubbished Survation and the YouGov model look pretty stupid now

Those who rubbished Survation and the YouGov model look pretty stupid now

Final polling table. Actual GB shares CON 43.5%LAB 41%LD 7.6%SNP 3.1%UKIP 1.9%GRN 1.7% pic.twitter.com/4RZp28vEa2 — Mike Smithson (@MSmithsonPB) June 10, 2017 The finalisation of the count in Kensington means that we now can compute the final actual voting share percentages for GE17 the ones against which the pollsters should be judged. These are for GB only excluding Northern Ireland. What is very striking is how understated the Labour share was with some huge variations in the wrong direction. Those pollsters…

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Why TMay must stay – for now

Why TMay must stay – for now

There is much to be getting on with, including leadership election reform A minority government propped up on a vote-by-vote basis by a minor party where the government, even including the ally, only has a majority of about 13 (once Sinn Fein are excluded), is about as strong and stable as a three-legged gazelle roller-skating across ice. In normal circumstances, not only would this not be a parliament likely to go the distance, it would do well to reach a…

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How the overall majority odds moved on a dramatic night of political betting

How the overall majority odds moved on a dramatic night of political betting

Above the is the chart from Betdata.io of the final 12 hours of betting on an overall majority. Here we see the immediate impact of the exit poll followed by sentiment turning for a while to the Tories doing it only for the harsh reality of the result to set in. This is the third general election in succession where ahead of the exit poll punters had it wrong. Before GE2010 the view was the the Tories would win a…

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Alastair Meeks reflects on last night’s events

Alastair Meeks reflects on last night’s events

Thursday night’s drama was hugely enjoyable.  There’s nothing I enjoy more than a series of unfolding surprises.  It’s led us to a whole new political landscape, with a whole new range of political problems to chew over. But, to borrow a phrase that has been heard a lot this week, enough is enough.  Much though it is a blow to the ego, I have to admit that while I know a lot of information about politics I clearly do not…

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