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Labour Leadership Election Cliffhanger Results Shocker, Ed Miliband Wins on the Fourth Round!

ElectionOracle / UK Politics Sep 25, 2010 - 03:47 PM GMT

By: Nadeem_Walayat

ElectionOracle

Best Financial Markets Analysis ArticleDavid Miliband the favourite and leading candidate for the whole of the Labour leadership election campaign saw his victory go up in smoke as the big unions (Unite and GMB) piled in with David's left leaning brother Ed, after the union voters had been bolstered and pumped via anti-cuts propaganda earlier in the month at the TUC congress.


The results could not have been more dramatic as despite David Miliband winning on the first ballot, he failed to reach the 50% minimum to achieve an outright victory which led to a series of cliffhanger rounds with the each of the candidates with the least votes second voter preferences being allocated to the remaining candidates until one reached more than 50% of the total votes, and thus the nation watched on as Ed Miliband round after round whittled David's lead away into the final round to just pip him to the post by 50.65% against 49.35% for David Miliband.

Round 1

ABBOTT, Diane
7.42%
BALLS, Ed
11.79%
BURNHAM, Andy
8.68%
MILIBAND, David
37.78%
MILIBAND, Ed
34.33%

 

Round 2

ABBOTT, Diane
0%
BALLS, Ed
13.23%
BURNHAM, Andy
10.41%
MILIBAND, David
38.89%
MILIBAND, Ed
37.47%

 

Round 3

ABBOTT, Diane
0%
BALLS, Ed
16.02%
BURNHAM, Andy
0%
MILIBAND, David
42.72%
MILIBAND, Ed
41.26%

 

Round 4

ABBOTT, Diane
0%
BALLS, Ed
0%
BURNHAM, Andy
0%
MILIBAND, David
49.35%
MILIBAND, Ed
50.65%

 

The above tables illustrate how David Miliband lead all the way into the final round. The Unions directly responsible for Ed Miliband's victory are Unite and GMB.

Watch the dramatic results as they unfolded:

Comments and Source: http://www.marketoracle.co.uk/Article22998.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-10 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on UK inflation, economy, interest rates and the housing market and he is the author of the NEW Inflation Mega-Trend ebook that can be downloaded for Free. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 500 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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