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Purnell has gone PDF Print E-mail
Written by Giles Wilkes   
Thursday, 04 June 2009 21:16

Look what's just happened.  James Purnell has not only quit, but done so in a way that explicitly asks for Gordon to go too.  Hazel Blears was meant to be damaging, but her statement did not go this far. While Jacqui has been doomed for months.  This one is a minister whose only reason for quitting is to bring down the PM. 

If you can, look at this graph: it shows the odds of Brown being gone before the end of June (betfair). Check "inverse axis" to turn this into a percentage probability.  Now watch out for this one: the chance that Purnell is the next PM. Damn, the shrewd punters are much quicker than me. Incidentally,  the Economist picked the Purnell Cruddas team as the one to refresh Labour.  The odds on Cameron have dived. 

A great night for staying up and watching Newsnight. 

Update: the Times got Purnell's announcement. And looking at the market, the world believes his statement that he does't want the crown for himself.  Yet. 

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