High Court Judge Could Crown Oily Leader

judge-quill

Lawyers for Labour donor Michael Foster are in the High Court today to argue that Labour’s NEC was wrong to rule that Corbyn did not need the backing of 51 parliamentarians to become a candidate in the leadership contest. If the judge rules against Corbyn, Oily Smith could become Labour’s leader without a single rank and file member’s vote being cast…

Corbynistas have briefed PoliticsHome that the Procedures Committee – including Tom Watson – were told Corbyn wants to call a halt to the process if today’s court case goes against him. The Procedures Committee is not controlled by Corbynistas. The betting markets currently have Oily at 4/1, does that price accurately reflect the prospects of a judge ruling against Corbyn?




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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