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How likely is the General Election to result in a hung parliament?

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Labour Leader Jeremy Corbyn has narrowed the still substantial gap between his party and Prime Minister Theresa May's Conservatives as Brexit recedes into the background as a key factor in the U.K. election

Using new constituency-by-constituency modelling, the projection by pollsters YouGov said the Conservatives would lose 20 seats to 310, with Labour up 28 to 257.

Even if he partnered up with the Scottish National Party, the Liberal Democrats, the Greens and Plaid Cymru, YouGov shows the seat tally for the so-called "Progressive Alliance" would be 321 - still short of a majority.

For that to happen, they would need to finish at least 12 points ahead of the Conservatives.

One Conservative elected in 2015 told the Huffington Post that Tories "up and down the country are just f****d off". However, Betfair said, that is now out to 10/1, with 50-74 seats at 6/1 and 25-49 seats at 7/1.

Prime minister Theresa May has called on voters to back her Brexit plan which will bring about "enormous" opportunities for Britain, in an impassioned speech on Thursday.

"While punters on the Exchange are still backing a majority, there is certainly not as much backing for that as there was just a week or so ago".

Shakespeare said the figures could change dramatically before 8 June.

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When gains and losses for other parties are factored in, the modeling suggests the Conservative Party's tally could be 16 seats below the 326 seats required to be able to govern alone, leading to a "hung parliament".

The 3-point lead by the Conservatives is the narrowest since PM Theresa May has called for the snap election in April.

Greater attention was focussed on the debate in the eastern English city of Cambridge after Labour leader Jeremy Corbyn announced earlier in the day that he would take part. It's been suggested that if she sat and did nothing until the election then the Tories would get a more favorable result.

A Kantar poll showed the Conservatives' share of the vote had increased by one percentage point since last week to 43pc, while Labour's had dropped by one point to 33pc. A person familiar with the projection model, speaking on condition of anonymity, said it had also been successful in the 2016 USA presidential vote.

Pressed on Labour's plans if it ends up as the second largest party, Corbyn, at the same campaign event, insisted: "We are fighting this election to win...if you want a Labour government vote Labour, that's the best way of getting it".

"A hung parliament could easily see Jeremy Corbyn become prime minister - investors simply wouldn't know where they stood", said Neil Wilson, senior market analyst at ETX Capital.

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