Next Labour Party Leader: Betting on David Miliband

WILL MILIBANDWAGON THREATEN GORDON BROWN?....Bookmakers William Hill have slashed the odds about David Miliband succeeding Tony Blair as the next leader of the Labour Party from 50/1 to 14/1 second favourite, while long-time red hot favourite Gordon Brown's odds drifting from 1/10 to 1/7. 'While the attention has been focussed on the race to become leader of the Tories, a number of political punters have been quietly betting substantial sums on David Miliband doing a David Cameron and becoming an unexpected arrival on the leadership scene' said Hill's spokesman Graham Sharpe.William Hill now make David Cameron 1/12 favourite to become the next Tory Leader with David Davis at 6/1. In the Labour race Hills make Brown 1/7 favourite and also offer 14/1 Miliband, Clarke and Blunkett; 20/1 Milburn, Reid, Straw.