Advertisement

Betting on politics: the North of Tyne mayor

Matthew Partridge turns his attention to the forthcoming mayoral election in the North of Tyne combined area, due to take place in May.

940_MW_P10_P&E_Col

This week, I'm turning my attention to the forthcoming mayoral election in the North of Tyne combined area, due to take place in May. The area, which was created by a 2018 devolution agreement, spans three local authorities: Newcastle Upon Tyne, North Tyneside and Northumberland, with an elected mayor taking responsibility for areas covering development, education and transport.

Advertisement - Article continues below

There are four candidates: Labour's Jamie Driscoll, Tory Charlie Hoult, Liberal Democrat John Appleby and independent John McCabe. The fight is considered to be a two-way contest between Driscoll, who made headlines when he defeated the current leader of Newcastle City Council to be selected as Labour's candidate, and businessman Hoult. At the moment Ladbrokes has Driscoll as favourite at 1/3 (75%) and Hoult in second place at 9/4 (30.7%), with McCabe at 16/1 (5.8%) and Appleby at 50/1 (1.9%).

The Tories will be hoping that Driscoll's low profile enables them to pull off an upset, but this is unlikely. The big problem for them is that, while Northumberland is currently controlled by a minority Conservative administration, the

other two councils are solid Labour territory, Indeed, Conservatives don't have even a single councillor in Newcastle and control only six of the 60 seats on North Tyneside. I'd therefore take the 1/3 on Driscoll being elected mayor.

Advertisement
Advertisement

Recommended

Trading: catch this coach company
Trading

Trading: catch this coach company

Bus and coach operator National Express has expanded into promising markets abroad – and it looks cheap
28 Jan 2020
How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Beyond the Brexit talk, the British economy isn’t doing too badly
Economy

Beyond the Brexit talk, the British economy isn’t doing too badly

The political Brexit pantomime aside, Britain is in pretty good shape. With near-record employment, strong wage growth and modest inflation, there is …
17 Oct 2019
Can the recent rally in sterling continue?
Sponsored

Can the recent rally in sterling continue?

A "double top"  – a very recognisable pattern – is forming in in the US dollar. Dominic Frisby explains what it is, and what it could tell us about st…
3 Aug 2020

Most Popular

Can the recent rally in sterling continue?
Sponsored

Can the recent rally in sterling continue?

A "double top"  – a very recognisable pattern – is forming in in the US dollar. Dominic Frisby explains what it is, and what it could tell us about st…
3 Aug 2020
UK banks have had a shocking week – so it’s probably a good time to buy
UK stockmarkets

UK banks have had a shocking week – so it’s probably a good time to buy

Lloyds Bank reported a £676m loss this week. And, with all of the UK's high street banks having a terrible time of things, bank stocks are detested ri…
31 Jul 2020
Gold bugs' dreams are coming true – but we could still see a V-shaped recovery
Gold

Gold bugs' dreams are coming true – but we could still see a V-shaped recovery

John and Merryn talk about how it's perfectly reasonable to expect a V-shaped recovery and to continue holding gold as well. Plus, inflation, staycati…
30 Jul 2020