Election betting scandal deepens as more candidates investigated
The election betting scandal has deepened as a Welsh Conservative is being investigated and a cabinet minister revealed he placed bets on the general election date.
Russell George, a Welsh Conservative member of the Senedd, stepped back from the shadow cabinet after it emerged he was facing a probe by the Gambling Commission over alleged betting on the timing of the vote.
He said he would “cooperate fully” with the investigation, and Welsh Tory leader Andrew RT Davies said all other members of the Welsh Conservative Group had “confirmed that they have not placed any bets”.
Mr George is the third Conservative candidate to be named as part of the commission’s investigation, while two Tory officials, Rishi Sunak’s close protection officer and five other officers are also under investigation.
Scotland Secretary Alister Jack said he put three wagers on the timing of the poll but denied breaking any rules and said he is not under investigation.
Up to 15 Conservative candidates and officials are being investigated by the Gambling Commission, according to BBC Newsnight.
The growing scope of the scandal has led to questions over whether politicians should be banned from betting on politics, as footballers are on football.
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Tories launch own probe into betting scandal
Mr Jack said in April he had put £20 at odds of 5/1 on an election being held between July and September but had no knowledge of when it would be called until the day Mr Sunak announced it on 22 May.
He said he placed two unsuccessful £5 bets in March for a vote to be held in May and June.
Scottish Secretary Alister Jack said he bet on the election but way before it was announced. Pic: PA
“I am very clear that I have never, on any occasion, broken any Gambling Commission rules,” he said.
“Specifically, I did not place any bets on the date of the general election during May [the period under investigation by the Gambling Commission].
“Furthermore, I am not aware of any family or friends placing bets.
“I want to be absolutely clear I have not breached any gambling rules. I placed two unsuccessful bets on the date of the general election and one successful one.”
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On Tuesday, Labour got involved in the scandal for the first time after the Labour candidate for Central Suffolk and North Ipswich, Kevin Craig, was suspended from the party after betting on a Conservative winning the seat.
It is understood Labour will return £100,000 in donations he has made to the party since Sir Keir Starmer took charge.
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Tuesday also saw five more police officers being added to the Gambling Commission’s investigation after the Met Police passed their names over.
Work and Pensions Secretary Mel Stride told Sky News: “There is a broader issue here and a broader debate to be had about gambling around politics and politicians’ involvement in that and to try and establish where the line should be drawn.
“And it may be going forward that everybody concludes that it shouldn’t happen at all.
“It may be that it should happen, but just on a certain basis and so on and so forth. But I think that is a debate, longer-term, that we need to be having.”
Craig Williams and Laura Saunders. Pics: PA/Laura Saunders for Bristol North West
Mr Sunak has withdrawn backing for the first two Tory candidates to be investigated after coming under pressure to take a tougher approach on the alleged use of inside information to bet on the timing of the election.
Laura Saunders and Craig Williams will appear as Conservative candidates on ballot papers as it is too late to remove them, but will have to stand as independents.
Two officials under investigation both took a leave of absence last week when their names were revealed. They are Tony Lee, the Tory’s director of campaigns and husband of Ms Saunders, and Nick Mason, the party’s chief data officer – who has denied any wrongdoing.
Mr Sunak’s close protection officer was arrested last week over alleged bets on a July election.
A full list of the candidates running for Central Suffolk and North Ipswich is below:
Charlie Caiger, independent
Tony Gould, Reform UK
Mike Hallatt, independent
Brett Mickelburgh, Lib Dems
Dan Pratt, Greens
Patrick Spencer, Conservatives
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The nascent real-world tokenized assets track prices but do not provide investors the same legal rights as holding the underlying instruments.
Rachel Reeves has hinted that taxes are likely to be raised this autumn after a major U-turn on the government’s controversial welfare bill.
Sir Keir Starmer’s Universal Credit and Personal Independent Payment Bill passed through the House of Commons on Tuesday after multiple concessions and threats of a major rebellion.
MPs ended up voting for only one part of the plan: a cut to universal credit (UC) sickness benefits for new claimants from £97 a week to £50 from 2026/7.
Initially aimed at saving £5.5bn, it now leaves the government with an estimated £5.5bn black hole – close to breaching Ms Reeves’s fiscal rules set out last year.
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Rachel Reeves’s fiscal dilemma
In an interview with The Guardian, the chancellor did not rule out tax rises later in the year, saying there were “costs” to watering down the welfare bill.
“I’m not going to [rule out tax rises], because it would be irresponsible for a chancellor to do that,” Ms Reeves told the outlet.
“We took the decisions last year to draw a line under unfunded commitments and economic mismanagement.
“So we’ll never have to do something like that again. But there are costs to what happened.”
Meanwhile, The Times reported that, ahead of the Commons vote on the welfare bill, Ms Reeves told cabinet ministers the decision to offer concessions would mean taxes would have to be raised.
The outlet reported that the chancellor said the tax rises would be smaller than those announced in the 2024 budget, but that she is expected to have to raise tens of billions more.
It comes after Ms Reeves said she was “totally” up to continuing as chancellor after appearing tearful at Prime Minister’s Questions.
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Why was the chancellor crying at PMQs?
Criticising Sir Keir for the U-turns on benefit reform during PMQs, Conservative leader Kemi Badenoch said the chancellor looked “absolutely miserable”, and questioned whether she would remain in post until the next election.
Sir Keir did not explicitly say that she would, and Ms Badenoch interjected to say: “How awful for the chancellor that he couldn’t confirm that she would stay in place.”
In her first comments after the incident, Ms Reeves said she was having a “tough day” before adding: “People saw I was upset, but that was yesterday.
“Today’s a new day and I’m just cracking on with the job.”
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Reeves is ‘totally’ up for the job
Sir Keir also told Sky News’ political editor Beth Rigby on Thursday that he “didn’t appreciate” that Ms Reeves was crying in the Commons.
“In PMQs, it is bang, bang, bang,” he said. “That’s what it was yesterday.
“And therefore, I was probably the last to appreciate anything else going on in the chamber, and that’s just a straightforward human explanation, common sense explanation.”
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