Take the 6/1 that Fred’s pension will be cut

I’ve just put £100 on at 6/1 with William Hill that the former RBS boss, Sir Fred Goodwin will accept a cut in his much publicised pension entitlement. The bet is that he will either do so voluntarily or be forced to do so by the end of the year.

There’s so much political pressure on Brown that the chances of Goodwin being unable to brazen it out must be better than the 6/1. For as long as this remains unresolved it’s a major irritant to the government and a reminder that they cocked it up in the first place.

Goodwin clearly is a tough cookie – you don’t to the top unless you are – but at the end of the day Brown cannot allow the stand-off to continue. The fact that the PM has been prepared to go so public is a measure of the resolve from Number 10.

I think that this is a great bet. It’s not available online – you have to phone and refer to the William Hill press release that went out this afternoon.

Best of luck.