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Odds slashed for 2007 election
31/07/07 17:03
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 A betting frenzy has caused William Hill to slash the odds on a general election happening in 2007.
The bookmaker shortened odds from 16/1 to 3/1 in response to a flood of bets after political analysts said Gordon Brown was likely to take the plunge before the end of the year.
Punters saw David Cameron's floundering popularity and problems within his own party as an opportunity too good to miss for Brown.
Brown has widened his gap on Cameron and has scored well on strength indicators with his solid response to the floods and recent terror scares.
As a result the prime minister is currently enjoying a polling boost, but this is normal for prime ministers taking over in mid-term.
It is likely that Brown and his advisers are aware of this and are more concerned with how the country sees his party as a whole.
Populus, pollster to the Times, reports that only 20 per cent are satisfied with Labour overall, so maybe the calculating Brown may hold out for a safer position.
If so, an election in 2008 or 2009 is best priced with William Hill at 6/4.
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