From a betting perspective the dangers of “fighting the last war”
On Boxing Day last year, a fortnight after the Tories won an 80 seat majority, a delighted family friend declared over lunch “I couldn’t believe the result. Politics has been so unpredictable, and no-one thought Boris would win big!” He was wrong, but not completely. Despite double-digit poll leads the media had speculated about hung parliaments a hell of a lot and the betting markets had the Tories as surprisingly modest favourites. Longer than 1/2 on a majority of any…