Politics By Joe Crilly

Labour Leadership: Bookies Cut Corbyn’s Odds After Smith Announcement

William Hill have cut the odds of Jeremy Corbyn winning the Labour leadership election from 8/11 to 8/13 while the odds of Owen Smith winning have drifted from 6/5 to 11/8. Angela Eagle is 12/1.

“Despite the criticism that has been levelled at him recently, the tumbling odds indicate that Corbyn looks set to keep hold of his leadership of the party,” said William Hill spokesman Joe Crilly.

Labour leadership election outcome: 8/13 Jeremy Corbyn; 11/8 Owen Smith; 12/1 Angela Eagle

*who will win the Labour ballot for leadership of the party. Must take place before the end of 2016