David Miliband emerged as early favourite to take over from Gordon Brown as the next Labour leader, according to bookmakers.
The Foreign Secretary is the front-runner in the Labour leadership contest with the bookmakers Paddy Power, William Hill and Ladbrokes.
William Hill said they had received more than 25 bets, each worth more than £1,000, on who the next Labour leader would be within hours of Mr Brown's announcement. More....
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David Miliband emerged as early favourite to take over from Gordon Brown as the next Labour leader, according to bookmakers. 
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