The votes are being counted and things look grim for Labour in the elections for the European Parliament. The Crikey Election Indicators have both the Liberal Democrats and the new anti-European party UKIP favoured to win more seats than the c ountry's current governing party!
Crikey Indicator Labour/UKIP: Labour more seats 25%, UKIP more seats 65%; equal number of seats 10%
Crikey Indicator Labor/LibDem: Labour 35%, Lib/Dem 53%, equal 12%
And as for the British general election to come, the market has it as good as over with the Conservatives now a very short priced favourite on Betfair.