Is now the time for a trading bet on Labour? Could the opportunistic call on Andrew Marr’s programme by UKIP’S leader, Nigel Farage, for Tory MPs to defect over the grammar school issue be a foretaste of how things might get very tricky for the Tory leadership in the next few months. Of course there are not going to be any defections to UKIP but the Farage interview does underline the challenges that the leadership faces. Until now the conventional…
David Herdson checks out the runners for the Foreign Secretary job? With Blair as prime minister, being foreign secretary has been something of a thankless task for Cook, and especially Straw and Beckett – he’s done most of the work himself. After he stands down, the Foreign Office must look a more attractive post to cabinet ministers than it does now, and perhaps more attractive than the Treasury should Brown make the move from No 11 to No 10. While…
Is there any value in what Ladbrokes are offering? Tomorrow morning I’ve been invited to meet senior bosses at Betfair to discuss political betting issues in a session that PB regular, Nick Palmer MP, helped to arrange. One of the items on my agenda will be the lacklustre markets that the exchange now offers and to suggest that it might like to run something similar to what Ladbrokes are offering on which of the three party leaders will be first…
Peter the Punter on the betting for the next chancellor Few political markets have offered punters more opportunities than that for the Next Chancellor. The key to it has been the regular price fluctuations. Most of the plausible candidates have varied enormously in price and if you bought high and sold low you may well have engineered an all green position already. Unlike a lot of the markets we bet in, this one is sure to go to the wire….
Is this the first skirmish of the new political era? In a move designed to seize the media initiative Tory leader, David Cameron, has challenged the PM in waiting, Gordon Brown, to a series of TV debates to, as he puts it, “revive interest in politics”. Such debates played a key part in Cameron’s own election as leader in 2005 and if the left-wing challenger, John McDonnell, had found enough MPs to support his bid on Thursday then there would…
What’s behind these latest market moves? As the chart shows there’s been a big shift to Benn on the deputy leader market in the past few hours. Could it be that a new poll is about to come out that will reinforce Benn’s campaign? I don’t know but this just looks as though someone has some knowledge. Mike Smithson
Will Labour Lose Birmingham? Birmingham has long since ceased to be a bellwether city. Up until the 1980s, a majority of its MPs were usually returned for the winning party in a general election, and its council switched regularly between Labour and the Conservatives. Yet, from 1983 onwards, Labour consistently outperformed their national performance in the city, and controlled the council without a break from 1984 to 2004. In 1997, they won every seat in the city, apart from ultra-safe…
Is this down to punters anticipating a Brown bounce? The chart shows how punters are assessing the general election chances of the two main parties on the Betfair “overall majority” market. As can be seen there been a movement back to Labour and now the price of the party being returned with a fourth successive majority has tightened to 2.7/1. The hung parliament option remains the most popular with a current price of 1.44/1 and this is where my money…