politicalbetting.com » Blog Archive » Punters now make it a 57% chance that TMay will be out next ye

There’s been more movement on the TMay exit year market on Betfair as seen in the Betdata.io chart.
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That's the main problem. I think there's another aspect playing into that, though: there are people who might quite fancy being PM, who realise that Brexit is a hot potato. Let someone else deal with it ...
I don't see that fornally leaving in March 2019 is going to calm things down.
But on a personal level she deserves admiration for the way she has taken on a very stressful job despite her equally stressful medical condition. Were I one of her nearest and dearest I'd have told her to pack it in ages ago.
She is in office because no-one else wants the job while Brexit is unfinished business.
The trouble is there is a delusion that post-March Brexit will be finished. Whereas in reality we will barely be starting on the next stage of it.
So the whole ghastly cycle will continue.
I have to say that I never thought Britain would vote to leave and that if it did I imagined, stupidly I now realise, that we'd probably end up remaining in the SM/CU or in the EEA or there would be some fudge whereby we'd probably end up in some form of associate membership or similar. And, to be honest, that still seems to me to be the best sort of outcome given the closeness of the result and the need to unpick 40 years of membership slowly and carefully so as to try and minimise the harm, to us and to our neighbours.
I had hoped that people - both on the British and EU side - would be sensible about this. But the way many of the leading Brexiteers have gone about their task has really put me off - and I am not at all a fan of the EU, who have not behaved intelligently either in their response. I do not know whether a second referendum is feasible or even sensible. But were I given a vote now I think I would probably vote to Remain, largely because the Brexiteers have so queered their pitch rather than because of any great love for the EU. Or I might abstain, on the basis that I really don't know what's best and I dislike both sides. But then nobody else seems to know either.
So it's all a bit of a mess.
And on that note I have work to do.
Have a good day all.
If she leaves next summer, she'll have time to book a slot on next year's Strictly.
As I've said before, the next Conservative leader or PM (depending on when it happens) will be someone who is keeping his or her head down at the moment. Don't back the favourites.
She stays so long as there is insufficient agreement on the successor. She is a human fence upon which the Tory party sits.
The obvious timetable in a 2019 departure would be to make the announcement in, say, May or June, leaving time for a contest with the new leader in place for the party conference in the Autumn. In party-political terms, though, there could be a case for delaying the switch to 2020, which would still give the new leader time to establish a new direction by the 2022 election, whilst still benefiting from a new-leader boost. But that assumes that Theresa May can hang on that long, both personally and politically, and it also assumes that the current unstable minority government can remain in place safely until 2022 - which is not a given.
On balance, therefore, 2019 should remain firm favourite. I don't think the party and colleagues will let her stay on into the next election. Once bitten, twice shy!
But there is a very clear vew that she cannot inflict another General Election campaign on the party. The word I have been hearing on the inside since the last election was "2019". Nobody wants her to stay.
'She is in office because no-one else wants the job while Brexit is unfinished business.'
Not quite true. Several other people want the job but not enough other people think any of those 'several others' would be any good.
Incidentally I've just been out for a short drive (to the gym and there isn't a bus) and someone on the radio was talking about how Churchill admired his father, Lord Randolph. The speaker went on to describe Lord R's many faults. And it occured to me that rather then thinking he was Churchill, Boris was really imitating Lord Randolph.
Apart from the brain tumour. I hope, TBH.
He has had extensive correspondence with Theresa May on Brexit, and now talks about it and makes it public.
https://www.conservativehome.com/highlights/2018/10/interview-with-david-owen-theresa-may-has-been-very-badly-advised-about-brexit-and-should-now-embrace-the-eea-in-order-to-end-up-with-canada-plus-plus-plus.html
Who has gone public to say they want her to lead them into the 2022 election? No-one. She has no powerbase, just those ambitious opponents who want to choose the time of her departure, keeping her in place until the timing better suits them.
Amid all the focus on May's many weaknesses, people are forgetting how popular she was at the time of the election, and how she managed to appeal to people who had never voted Tory before.
2020, however, is a different matter. In my view 2020 is underrated as an exit date for her.
Mr. Meeks, never come across the verb form of Penelope before.
Interesting view on 2020.
We also get stentorian from Homer, after Stentor (think he was a herald).
For all her undoubted positive attributes, this is now playing out, and has been for the past two years. Like a slow motion car crash. She has not lead, she has followed and has done so with unwarranted hubris.
And here we are.
I'm listening to Absolute 80s as I'm trying to do some work.
Morrisey is playing.
And it reminds me that he's a twunt.
Not before he's had a chance to implement his manifesto.
Not because he told fibs and there were spending irregularities so we must redo it now
Not because we've got an online petition/demos/dogs demo to redo it now
But
at the following GE
Same with Brexit.
By all means, come 2022, parties are welcome to campaign to rejoin - in the meantime, lets implement what the voters voted for in 2016. And not try to do an end-run behind it because we don't like the decision.
It's unusual, but not very unusual, for the House and Senate to move in different directions, simply because only 2/3 of the States have Senate elections each year. 1982 is an example of this. The Republicans lost heavily in the House, but gained a Senate seat, simply because 1976, when the seats were last contested, had been such a good Democratic year.
And likewise some people hold the view that Brexit is a stupid idea.
https://twitter.com/gsoh31/status/1049601292702756865
"Another fine mess"......
https://twitter.com/PimlicoPlumbers/status/1049592980728926209
Definitely worth another look, even if it has already been disected on the overnight thread:
http://www.bbc.co.uk/news/amp/world-us-canada-45013748
I've backed Tester, I think he's still the safest of all those states.
(And yes, I know he's a remainer.)
https://twitter.com/theobertram/status/1049600202888400896
Remainers want a nice cool glass of iced lemon water and leavers a nice hot cup of tea. It suits no one to have a tepid cup of lemony tea. And trying to convince anyone that that is a nice drink is useless!
That she is still in Number 10 today is a remarkable achievement given that last year she took the advice from DDavis and made the fatal decision to call the last election.
It is unlike me to leap to the defence of D Davis, but I in retrospect it is easy to assign guilt where it may not be completely deserved.
His advice should have had a condition attached:
By all means have an election because we will increase our majority, but please, do not run the worst campaign in living memory. With a decent campaign there is a chance the advice could have been sound. That is something we will never know.
BTW to reference @cycletree long post further down the thread, I do believe that if the EU had immediately offered the UK EEA with major concessions on FOM straight after Brexit the deal would have been accepted and the Leavers would have been very hard pushed to get momentum to have stopped it - obviously speaking as one who would not have supported this outcome. Barnier has wanted to play the hardass instead of the smart game. Now everyone's positions are so entrenched that it is almost impossible for them to be reconciled. There is no point blaming May for this - the EU set the terms of the discussion.
It did appear that Labour were better prepared for the 2017 election than the Conservatives. That is pretty dire as the Conservatives had the greater control of the timing.
Is there evidence that the Sage of East Yorkshire was influential in that decision?
https://www.betfair.com/exchange/plus/politics/market/1.125589838
https://twitter.com/AdamWagner1/status/1049609940850098176?s=20
https://www.citymetric.com/politics/what-would-regions-england-look-federal-uk-2679
The short version is that the UK is legislating to allow business to carry on pretty much as normal. The EU, not so much. The Bank is pointing out that this is now pressing and the damage to the EU could be material.
Betfair requires 51 GOP senators for a GOP Maj, when effectively 50 senators would allow the reds to keep control (Depending on what side of the bed Murkowski, Flake and Collins get out of in the morning). Pence has the casting vote, but 50 is not good nough for GOP maj on Betfair.
The Democrats can effectively take control with 49 senators... as King and Sanders aren't going to vote through GOP legislation. However Betfair needs 51 - so Dem Betfair control of the senate would be an utterly appalling night for the GOP and according to 538 looks very unlikely at the moment.
Here are the Betfair prices and 'true' odds.
True price (Using 538 model); Betfair price
Republican Maj 1.55 64.6% 1.46 - 1.49
No overall Maj 3.2 31.3% 3.9 - 4.1
Democrat Maj 24.39 4.1% 11 - 14
Dem Maj = 47 or less GOP senators
NOM = 48, 49 or 50 GOP Senators
Rep Maj = 51+ GOP Senators
This gives deposing a sitting leader a very serious downside, and protects leaders who are merely bad, and not actively astonishingly terrible.
https://www.thedailybeast.com/venezuela-suspect-in-maduro-assassination-attempt-dies-in-mysterious-window-fall
May/June 2019 has always been my best bet for her to stand down and a proper election process to take place for her successor
https://www.huffingtonpost.co.uk/entry/chris-williamson-deselection_uk_5bbbcc57e4b0876edaa0f39f?3wn
Yer having a laugh.
It is Yorkshire or Greater Yorkshire.
However if it looks like we will end up with No Deal as May insists on Chequers being in writing for the EU as the basis for a future trading agreement then weekend newspaper reports suggest even Cabinet Ministers will desert her and she would be replaced by a new leader more open to a future Canada style FTA deal