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Farron and Burnham favourites to become party leaders

Westmorland and Lonsdale MP Tim Farron is the favourite to be the next leader of the Liberal Democrats, according to Ladbrokes.

Having been 5/4 at the start of 2015, Tim Farron now finds himself as the clear odds-on favourite at 1/4.

Lib Dem MP Tim Farron (L) and Labour MP Andy Burnham (R) are both favourite to become leaders of their parties. Credit: Press Association

Labour MP for Leigh Andy Burnham is joint favourite to become the next Labour leader, along with Chuka Umunna.

They are joint front runners at 5/2 apiece to take the the helm.

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Danczuk hints at Miliband stepping down as party leader

Rochdale MP Simon Danczuk has told Sky News that he understands Ed Miliband will be stepping down as Labour leader.

Simon Danczuk MP Credit: Press Association

During an interview he said:

"I'm not suggesting everything is tickety-boo - quite the contrary, it's not been a good night for the Labour Party, there is no doubt about that. I don't believe it is a good night for the vast majority of people in the United Kingdom because I think they would have been better served by a Labour government. It's interesting times in which we find ourselves, politically, and what Labour now has to do is examine what went wrong with the election campaign, how we can get it right, how we can appeal to the electorate, whatever policies we need to talk more about. I understand Ed Miliband is going to announce he is standing down so yes, we will move towards a leadership election. I think that should be welcomed and it will be interesting to see who puts themselves forward."

– Simon Danczuk MP

Tatton MP George Osborne tipped for Deputy PM

George Osborne said the Conservatives were winning seats 'no-one expected'. Credit: Press Association

There have been suggestions that George Osborne could be in line for the Deputy Prime Minister job.

David Cameron will be able to choose all his own Cabinet Ministers if he is able to form a majority government as predicted.

During the last Government ministers jobs were shared with coalition partners the Liberal Democrats, with leader Nick Clegg as Deputy Prime Minister.

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