- Disclaimer -

I mean that. Seriously, you don't have to read this, you know. There are plenty of better things to do with your time. Time is valuable. You'll thank me in the long run (actually you won't, will you, you ungrateful bastard? You won't even give it a second thought and nor should you).

It was originally quite vague, but it's now known by a few people (luckily, people that I like).

Any views expressed of course, are my own.

Of course, if you do stumble upon this and don't know me, feel free to get in touch, it'll be interesting.

Thursday, 10 September 2015

Labour Leadership Race, pt. 5

Voting has closed...

And counting has begun! Polls and other random people are suggesting all sorts of things: an estimated 330,000-340,000 votes cast, so roughly a 61% turnout if the 550,000 total eligible members figure is accurate, low turnout from union members (so presumably a high turnout from the £3 supporters), a general consensus that Jeremy Corbyn will get most first preference votes but few are sticking their neck out to say how many, or whether it will be enough.

I might be repeating myself (not for the first time, I can't be arsed to go back and check) but I originally thought once the four candidates were finalised, Jeremy Corbyn would win the majority of the popular vote but the Labour machine would find a way somehow to not allow him to win.

Using the Ladbrokes odds (betting's still open), they have Corbyn at 1/7 (with the odds still shortening), Cooper 7/1, Burnham 12/1 and Kendall 100/1. This seems to be the general consensus of the other bookies (some have Corbyn 1/8, Cooper ranging 13/2 to 8/1, Burnham either 12/1 or 14/1 and Kendall - well, anything from 100/1 to 250/1 (i.e. no chance).

So the bookies - who react to money and aren't often wrong - make it something like:

Corbyn 96.8% chance of winning
Cooper 2% chance of winning
Burnham 1.1% chance of winning
Kendall 0.1% chance of winning

So even now I'm quite optimistic that Jeremy C. could take the thing on first nominations alone, so certain seem the bookies of his overall chances. I just have a feeling that if they thought that there was even the remotest chance of a scenario involving second or third preference votes (which could get very unpredictable indeed), they'd be hedging a bit more.

I think the result will be somewhere between:

Scenario 1

First preference votes - Corbyn 54%, Cooper 24%, Burnham 17%, Kendall 5%; automatic win for Jeremy Corbyn.

Scenario 2

First preference votes - Corbyn 46%, Cooper 27%, Burnham 22%, Kendall 5%

Kendall is eliminated and those voting for Kendall as 1st preference have their 2nd, 3rd and 4th preferences transferred to the other candidates. I don't really know where those would go but my guess would leave the next stage at:

Corbyn 46%, Cooper 31%, Burnham 23%, Burnham eliminated and lower preference votes reallocated as before. So, what proportion of Burnham supporters would have Corbyn as a second preference? I reckon that although the majority will have Cooper as their second choice, there'll be enough for Corbyn to see him over the line.

We'll find out Saturday morning, I guess. Whatever happens, it's going to be fun fun fun!

Except for Liz:


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