Its Fox vs Clark In First Leadership Cull
Bookmakers William Hill make Liam Fox their 5/6 odds-on favourite to be the first Tory leadership candidate to be balloted out of the running, closely followed by Ken Clarke who is priced at Even money. The other prices for the early departure are David Cameron 11/1 and David Davis 25/1
We think Hills have priced this wrong because the big move today on the betting exchanges has been an easing of the Ken Clarke price from 13.5/1 to 18/1. The exchange are usually much more sensitive to changing market conditions.
All the evidence is that Fox is continuing to pick up MP support while Ken Clarke has been struggling.