Labour Backed To Hold On In Glasgow- Is This A Brown Bounce?

Bookmakers William Hill have shortened the price of a Labour victory in the Glasgow East By-Election from 2/5 to 1/3 as money comes in for the Labour Candidate. The money is good news for Gordon Brown who until today was favourite to leave office this year but he is now out to 2/1 (from 5/4) to go in 2008 and is odds on at 4/6 to lead Labour into the next Election. The long term outlook is still fairly grim with the Conservatives 2/7 favourites and Labour offered at 5/2.

"There is a definite Brown bounce going on, which is good news for Gordon but he has still got a huge amount to do if he is to lead Labour to victory at the next General Election," said Hill's spokesman Rupert Adams.

Gordon Brown to leave office in 2008: 2/1

Gordon Brown To Lead Labour Into Next General Election: 1/2 Yes, 6/4 No

William Hill Latest Glasgow East By-Election: 1/3 Labour, 9/4 SNP, 33/1 Conservative, 50/1 Lib Dem

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