*Not to be confused with what chartists of the gold market call the “Brown Bottom“, when he told the gold market in advance that he was going to sell off Britain’s gold reserves. The traders immediately got short ahead of the sales, profited on the way down as gold plunged, filled their boots as they bought back their shorts and some more for the greatest gold market rally of the twentieth century. An act of imprudent financial stupidity that some describe as treasonous.
Guido suspects (hopes) Gordon will last until the general election…
Boris Johnson 1.17 / 1.18
Ken Livingstone 6.4 / 6.8
Brian Paddick 370 / 490
Betfair has First preference percentage share bets
Punters are backing Boris to have more than 40% and Ken to have between 35% to 40%.
Des Browne is chanting on Question Time “there is no issue of Gordon’s leadership” clearly this mantra is the offical “line to take”.
The Darling Brown stance on the economy is essentially cross-your-fingers. No growth package, no boost to the property market, nothing. They are kidding themselves if they think voters will return to them in times of trouble. The City is bracing itself, the credit crunch is about fear. Darling thinks he can bore the economy better…
Betfair have opened up a market on the LibDem Leadership –
Clegg is hot favourite at less than evens.
Huhne is 13/5
Steve Webb is 15/1
Ed Davey is 36/1
Charles Kennedy is 40/1
Julia Goldsworthy is 40/1
Vince Cable is 50/1
Incidentally, Guido covered all his “Tories to be the biggest party” bets at a profit last night. If Clegg wins he may enjoy a honeymoon at Cameron’s expense…