After seeing some of the LibDem campaign literature and the undeniable fact that the Labour odds have lengthened even further, Guido has covered his bet taking the hit and cutting his losses on that Labour bet.

The LibDems are not repeating the mistake they made in the Mayorals. They attacked Boris when the public was moving towards the Tories. This election they are going with the popular flow and attacking Labour. Their advertising says “Send a Message to Gordon Brown”. They might take some votes from disillusioned Labour voters who can’t bring themselves to vote Tory. More bad news for Tamsin…