Looking for hung parliament odds? Then you are in the right place as we give you those odds and share everything you need to know about it in the lead-up to this UK General Election.
The UK goes to the polls on Thursday, July 4th with one party fancied to secure a majority. Find out who that party is below and what would happen if they don’t secure a majority.
Odds on a Hung Parliament
The odds of there being a hung parliament following the results of the upcoming UK General Election are 14/1. Those odds imply that there is a 6.7% chance of a hung parliament resulting from this General Election.
In other words, it is quite unlikely that we will see a hung parliament. That’s because Labour are massive favourites to win a majority at this upcoming UK General Election. The Labour Party are 1/66 (98.5% implied probability) to have an overall majority following this election. The Conservatives, on the other hand, are 66/1 to secure a majority.
To secure an overall majority a party needs to win 326 or more seats out of the 650 available seats in the UK Parliament.
What is a Hung Parliament?
The term ‘hung parliament’ refers to a situation in which no party has an overall majority.
You’ll hear it used a lot in the run-up to a UK General Election and also after if no party has secured an overall majority.
What Happens if there is a hung parliament?
Naturally, that brings us to the question ‘What happens in the event of a hung parliament?’. If there is a hung parliament then Rishi Sunak (current Prime Minister and Conservative Leader) will remain in power and have the chance to create a coalition with one or more other parties to create a majority. He could also attempt to govern with a minority or resign from the post of Prime Minister and offer the leader of the largest opposition party the chance to form a coalition or rule as a minority government.
If there were to be a hung parliament then it is almost certain that Labour would be the opposition party. They are led by Keir Starmer which would make him the Prime Minister if they are to win a majority at this election.
When was the Last Hung Parliament in the UK?
The last time that there was a hung parliament in the UK was in 2017 when the Theresa May-led Conservatives secured 317 seats with 326 needed for a majority government. That left them 9 seats short of an overall majority and saw the Tories enter a ‘confidence-and-supply’ agreement which gave the Conservatives the majority they needed in votes in Parliament to rule.
So, there you have it, a hung parliament and its consequences. Do you fancy this UK General Election ending up in a hung parliament? Or could Labour secure a majority?
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