Bonds, BNP, Bets
Just snippets today.
1. The bond market doesn’t care who wins, as long as somebody does. Nine out of ten funds questioned by the FT said that there was no difference between the Tories and Labour. But they don’t like the idea of a hung Parliament, because they think it’ll make it harder to tackle the deficit.
2. According to a report by the Institute for Public Policy Research, there is no correlation between levels of immigration and support for the BNP. Of the ten local authorities with the highest levels of BNP support, nine have levels of immigration lower than the national average. (The exception is Barking, which has the highest level of BNP support of anywhere in the UK, and where ethnic minorities have gone from being 5 per cent of the population to 35 per cent in a decade.)
3. Ladbrokes were offering 50-1 that one of the three party leaders will say the word Eyjafjallajökull in the second debate – but that was yesterday, and the odds have now tightened to 20-1. A lot of vulcanologist money must have poured in.