IG Index taking a dim view of the Tories’ winning.

IG Index, the spread-betting firm founded by card-playing acquaintance of Lord Lucan Stuart Wheeler, is taking a dim view of the Tories’ chances of winning the next election, despite its close links with the party. Wheeler pledged £5m of his fortune to the Tories, the result of floating IG on the stock market, to help revive the party’s fortunes under Iain Duncan Smith. When Michael Howard replaced IDS, IG Index was predicting the Tories would win around 223-230 seats compared with Labour’s 312-322 at the next election. Now the firm reckons the Tories will bag only around 190-197 seats compared with Labour’s 350-357.

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