Moggy is still dazzling the markets
I had a thought before the Foreign Secretary’s big Brexit speech that there might be a case for putting a small amount on him on Betfair’s next Conservative leader market. Generally betting can respond to news coverage and clearly Mr Johnson is going to get a lot of that today.
Only problem, looking at the chart, is that what betting movement there has been has not gone to Mr Johnson but to Mr Rees-Mogg so I’ve probably saved myself a bob or two.
I still think that Moggy might struggle under the current Conservative leadership rules to make the final two which goes to the membership. He needs the support of enough fellow CON MPs to get to that stage and I thought that David Herdson’s analysis at the weekend had this right.
Of course, as we always say, Mrs May is still there and seeking to struggle on with her target being the next general election which is not due until 2022.
I’ve just got a feeling that there’ll always be a reason why the time will never be ripe for the party to get involved in what’s likely to be a divisive contest and she could survive.