The latest odds suggest a Labour government is unlikely to introduce a cap on salaries anytime soon.
Following party leader Jeremy Corbyn’s latest suggestion of a maximum earnings limit, the bookies have reacted accordingly.
The latest odds rate it an outside chance at 20/1 that a Labour government brings a cap into play before the end of 2025.
However, at just 3/1 it’s much more likely there will be a cut to the Prime Minister’s annual salary before the decade is over.
Jessica Bridge of Ladbrokes said: “Corbyn’s latest claims are nothing new, but at present it’s hard to see a Labour government getting into power, let alone capping earnings.”
Ladbrokes latest betting
Labour to be in government and introduce a maximum UK wage before the end of 2025 – 20/1
Prime Minister’s salary to be cut before the end of 2020 – 3/1
Year Jeremy Corbyn is replaced as Labour Leader
2017 – 7/4
2018 – 5/1
2019 – 8/1
2020 or later – 5/4
All Odds and Markets are correct as of the date of publishing