STV for MPs electing a Speaker, but not for us!

So in the by-election for a new deputy speaker there are seven candidates and according to the BBC News website (15 October 2013 Deputy Speaker: Seven Conservative MPs to contest ballot):

The election will be conducted under a system known as single transferable vote, where MPs will be able to list their preferred candidates in order of one to seven on the ballot paper.

If no candidate secures 50% plus one of the votes in the ballot, the candidate with the least votes will be eliminated and their preference votes re-distributed to other contenders. This process will continue until a winner emerges.

Presumably there is a reason for this – after all “second place may win and that can’t be right” (c) copywrong the anti-AV campaign.

If it is good enough to elect a speaker and MPs can understand it, why can’t we have it?

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