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Politics
Stefan Stern, Visiting Professor of Management Practice, Bayes Business School, City, University of London

Election gambling scandal: bad culture will kill your organisation – you can bet on it

Just as people go bankrupt in two ways – gradually, then suddenly, as Ernest Hemingway famously put it – so organisations corrode morally, first bit by bit and then all in a rush. We are seeing this play out for the Conservative party in the final week of the UK’s general election campaign.

After almost two weeks of delay, the party finally decided to withdraw support for two parliamentary candidates: one (Craig Williams) who has admitted to placing a bet on the election and another (Laura Saunders) who is so far not saying if she did or not. She has agreed to cooperate with an investigation by the Gambling Commission on the matter.

They are two of an unknown number of people close to prime minister Rishi Sunak – including his police protection officers – who are being investigated after a surge in betting was recorded just before Sunak called an election for July 4. The bets – wagering on the date of the election – were placed before the public announcement and therefore could have been driven by the use of inside information.

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