Somebody Wanted to Steady Huhne’s Odds

Somebody wanted to make sure the betting prices didn’t move after Crick’s Huhne story finished on Newsnight. They offered to lay £5000 on Ming and backed £1000 on Huhne. For non-gamblers they were trying to collar the prices – keeping Ming’s odds long and Huhne’s odds short. The money evaporated once the market settled down and the price was effectively unchanged. Clearly somebody with reasonably deep pockets and the motivation did the manipulation.

When Huhne was asked “Are you a multi-millionaire?” he said he did not know. Eh? He is the Shadow chief secretary to the Treasury and an economist – for someone so good-with-numbers that should have been an easy question. No major damage done by Crick, he just made Huhne look a bit shifty. Today has however brought another interesting rumour to the surface…

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Tobias Ellwood tells LBC…

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