Surge in bets for Jeremy Corbyn to be the next prime minister
The popular tabloid Sun said the election would "kill off" Labour and the latest opinion polls show the party is on track to repeat a showing of its 1983 performance when leader Michael Foot was hammered by the Conservative forces of Margaret Thatcher.
Nearly a quarter of brokers (21%) also expected Jeremy Corbyn to face another Labour leadership challenge. We will not give her a blank cheque.
Last year's vote to leave the European Union split Labour's traditional supporter base, which is divided between typically pro-EU inner city voters, especially in London, and working-class voters in less affluent areas who voted for Brexit. But the small, openly pro-European Liberal Democrats say they are the only party that can gain seats at May's expense, mainly in areas in the comparatively well-off south of England, where they lost seats to the Conservatives two years ago but now have a chance to win them back.
Aside from ideological differences, some within his party have been critical of Mr. Corbyn's failure to position himself clearly against leaving the single market, leaving the Liberal Democrats as the main party campaigning against a "Hard Brexit".
Adopting all three strongs as her slogan and using them as the catch-all answer to every question posed to her by the Labour leader wins May loud roars of approval from her obsequious backbenchers at Prime Minister's Questions. "But things can, and they will, change", declared Mr Corbyn. How dare they ruin the economy with their recklessness and greed and then punish those who had nothing to do with it?
Labour in power will end this racket and make sure that everybody pays their taxes which fund our public services.
"It's about providing the strong and stable leadership this country needs to take Britain through Brexit and beyond, it's about strengthening our hand in the negotiations that lie ahead, and it's about sticking to our plan for a stronger Britain that will enable us to secure that more stable and secure future for this country and take the right long-term decisions for the future". The Conservatives will never do that.
But shadow foreign secretary Emily Thornberry played down suggestions new taxes might be introduced at this level, telling BBC Radio 4's Today programme she understood why "many people" on this salary might feel they are "not rich".
And attacking top bosses, he will say: "If I were Southern Rail or Philip Green, I'd be anxious about a Labour Government".
Following his first major election speech on Thursday morning, Mr Corbyn was asked whether he was considering or would rule out a second referendum on any agreement reached after withdrawal negotiations with the EU.
The former Basildon Labour MP Angela Smith spoke out after Theresa May stunned the country yesterday morning - and she believes Labour is more than ready to fight an election.
Asking corporates, tax dodgers and bankers to be afraid, "be very afraid", if Labour formed the next government, Corbyn said, "It is these rules that have allowed a cosy cartel to rig the system in favour of a few powerful and wealthy individuals and corporations".
She said: "This is the opportunity for Jeremy Corbyn to do an election campaign".
A virtual one party Tory state is a horrifying prospect - but given how weak Labour is, and the Lib Dem's past record of propping up a Tory government, it is clear that only the SNP can offer strong and credible opposition in the House of Commons.