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.

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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.

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

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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.

Dr Matthew Partridge
MoneyWeek Shares editor