THE BREXIT Party are now officially the clear favourites to win the upcoming by-election in Peterborough, according to the bookies.
The party, which is contesting its first ever parliamentary election, is currently odds-on to win with every bookmaker following its landslide victory in the European elections.
According to Oddschecker, the best odds on candidate Mike Greene are 4/6, meaning a bet of £6 would deliver a profit of £4 if he won.
Some bookies have his as strong as 4/9 on.
Mike Greene, a local benefactor and trustee of Peterborough cathedral, will fight the June 6 by-election as the official candidate for The Brexit Party.
A rags to riches businessman, Mr Greene was bought up on a council estate in Luton where he had to share a bed with his two brothers.
He worked as a paperboy and moved to Peterborough aged 11, where after leaving his state school he went onto work as a retail consultant before setting up his own company – which he sold in 2012.
After personally donating thousands to local charities, Greene went on to star in the popular TV series Undercover Millionaire.
“The most important thing going on at the moment is democracy” he said. “I never expected the government to let us down to the degree it has. We are clear we want to leave the EU.”
“We’ve been getting a fantastic level of support in Peterborough. We have been buoyed by the support.”
Democracy-denying Labour, which was made favourites straight after the by-election was called, are now second favourites, with best odds of 6/4.
The Conservatives, who held the seat between 2005 and 2017, before losing by 607 votes, can be backed on odds as long as 33/1, according to Oddschecker, only just ahead of the Liberal Democrats who received 3.3 per cent of the vote in 2017. The main reason given for this sudden plummet is the recent damning euro election results in which the Tories were dealt a devastating rejection from a frustrated public.
All the other 11 candidates are ranked as massive outsiders, according to the bookies.
The by-election is being held on Thursday, June 6 after CRIMINAL Fiona Onasanya became the first MP to be removed by her constituents under a Recall Petition. The petition was signed by 19,261 of her constituents (27.64 per cent), passing the 10 per cent threshold needed to trigger a by-election.