There’s been very little reaction on the various betting markets to today’s Budget. The only real movement was on the Tories for the General Election and whether Tony Blair will survive another 21 months.

As the chart illustrates the immediate reaction was that the chances of Blair staying until the end of next year declined sharply immediately after Gordon Brown sat down but prices recovered soon afterwards.

On the who will win most seats General Election market there was a slight move to the Tories.

Mike Smithson