Punters reckon the prospects for Basher Davis were slashed after his speech by some 20%. Betfair, which is a betting exchange favoured by City gamblers (because you can lay bets as well) was making Cameron favourite to win this morning. Davis 2.05/1: Cameron 1.6/1. This price may come back out.

Guido laid his punt on Fox at 11/1 in from 14/1.