Tuesday, 3 November 2026
UK Prime Minister Andy Burnham
Cover story UK

Labour’s Re-election Chances Hugely Underestimated

Labour's polling and prospects have improved significantly since Andy Burnham became leader. Betting markets haven't caught up.

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Big Ben and the Houses of Parliament
Betting Strategy

Should we bet on the Mandelson Dim Sum Supper forecasts?

Every Christmas, Peter Mandelson and friends make political predictions for the year ahead. Here is how those forecasts compare to the prices — and where I take the other side.

Prices quoted in this piece
Next UK GE 2024 or later1.16 · 86%
No Overall Majority2.58
Labour majority2.06
Conservative majority8.6 · 12%
Starmer next PM1.43 · 70%
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