As the dire electoral performance drives home to the less lemming-like members of the Labour party the actual value of Gordon, money has shifted over to Reid on Betfair. The graph shows how the price has come in over the last five days. Guido is frankly not convinced that Reid is willing to do battle with the dark forces.

Guido still has a few quid on John Hutton just in case he tries a Kamikaze battle of “ideas” with the man he said “would make a fucking useless PM”. 300/1 seems fair…

UPDATE : Don’t bother with Hutton – he has given an interview to GMTV for broadcast tomorrow where he bends the knee and pledges allegiance to Gordon.