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The money now goes on a government defeat

July 9th, 2012

There’s been a big swing-round at Ladbrokes on the outcome of the crucial time-table motion on the Lords reform bill.

This morning it looked, from the betting, that the government would win and it was an odds-on bet.

    Now that’s all changed and Ladbrokes are offering just 4/6 that ministers will be defeated.

You can get 11/10 that the time-table motion will survive.

The reform proposals, which are reported to have had the backing of 17 Conservative ministers in cabinet, are surely now in serious trouble.

The bigger question might be what this does to the coalition.

Mike Smithson @MSmithsonPB