Odds On Ed Miliband For Labour Leadership Cut

Diane Abbott is the 33/1 outsider for the job.

Political observers following the Labour Party's leadership battle may be interested to learn one bookmakers has cut the odds on Ed Miliband being elected.

William Hill has slashed the price on the politician to 6/4 from 2/1, with his brother David rated as the 4/7 favourite.

"Momentum is an amazing thing and with the way things are going, Ed could be favourite by the weekend," noted the company's spokesman Rupert Adams.

Behind the Miliband brothers in the market are the likes of Ed Balls, who has odds of 12/1, 20/1 shot Andy Burnham and female candidate Diane Abbott, who is 33/1.

With the contest set to be completed over the coming weeks, politics fans may feel now is the time to back their choice with bookmakers.

The winner of the leadership race will replace Gordon Brown, who stepped aside after May's general election defeat and left Harriet Harman in temporary charge of the party.