Jeremy Corbyn looks like a racing certainty. But whatever happens, the election will be more definite than the endless false alarms sounded over the base rate

That bookmaker Paddy Power had not only stopped taking bets on Jeremy Corbyn for the leadership of the Labour party but was actually paying out was, shall we say, hot news. While it did not exactly spoil my holiday, it did make me kick myself that I had not placed a small wager on Corbyn a month or so ago, when the quoted odds were 100-1 against him.

I am something of a horseracing man, although I hasten to add that I only bet in tiny amounts. As the presenters of the Today programme’s tips know, the old music-hall joke applies all too often: “I follow the horses. The trouble is that the horses I follow also follow the horses… ”

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Source: The Guardian Circular Economy RSS