GORDON BROWN BETTING ALAN JOHNSON FAVOURITE FOR NEXT LABOUR LEADER

With the disappointing results from the EU election reverberating throughout the Labour Party, Paddy Power has installed Alan Johnson as the next leader of the Labour Party and has predicted that Gordon Brown will no longer be Prime minister by the end of the summer. In the When Will Gordon Brown No Longer be Prime Minister market at Paddy Power, June 5 to August 2009 carries a very short price of 2/5. If he steps down or is replaced between September and November 2009 you're looking at 8/1. December 2009 until February 2010 pays 12/1 while March to June 2010 pays out at evens. After June 2010 pays out at 12/1. With the next UK General Election scheduled for mid next next year, that really becomes the main variable. In terms of the next leader of the labour party, Alan Johnson sits at 5/4 with David Miliband at 6/1. Harriet Harman carries a 13/2 price while Jon Cruddas and Ed Milliband are both deadlocked at 10/1. Jack Straw can be backed at 12/1 with James Purnell also available at the same price. Peter Mandelson is listed at 14/1 while the excellently-named Ed Balls sits at 16/1 alongside Hilary Benn. Tony Blair is 100/1 for a shock comeback. In terms of Next Prime Minister betting, David Cameron is odds-on at 4/6 with Alan Johnson at 6/4. Harriet Harman is 6/1, David Miliband is 8/1, Peter Mandelson is 20/1 and Nick Clegg is the longshot 50/1. The conservatives are odds-on at 1/3 to win a majority of 50 or more.