UK election 2016 has become the most expensive since the 1980s, and a new study by The Economist shows that the odds of the Conservatives winning a second term are now at odds with the best-known odds of Labour’s victory.
In an analysis of the last six UK general elections, The Economist’s poll of political insiders shows that it’s possible that a Conservative majority could be established in 2020 if Labour’s share of the vote is between 1.4 and 1.7 percent.
It is now the third-most expensive election in the history of polling.
In 2010, it cost the Conservatives £5.6 million to secure their majority.
The 2015 election cost the party £7.2 million, but this time it’s expected to cost Labour between £4.5 million and £4 million.
Labour’s lead in the polls has widened since May and is now between one and three points in the latest Reuters/Ipsos poll.
In addition, the Economist found that there’s a slight chance that the Conservative Party could lose seats in the House of Commons.
Labour currently holds a 20-seat majority.
Despite the current unpopularity of the UK’s leadership, the UK election is seen as an important step towards Britain leaving the European Union and getting rid of its Trident nuclear deterrent.