{"id":122,"date":"2018-11-19T00:00:00","date_gmt":"2018-11-19T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/bookmakers-suspend-no-confidence-vote-on-mays-party-leadership\/"},"modified":"2018-11-19T00:00:00","modified_gmt":"2018-11-19T00:00:00","slug":"bookmakers-suspend-no-confidence-vote-on-mays-party-leadership","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/bookmakers-suspend-no-confidence-vote-on-mays-party-leadership\/","title":{"rendered":"BOOKMAKERS SUSPEND \u2018NO CONFIDENCE VOTE\u2019 ON MAY\u2019S PARTY LEADERSHIP"},"content":{"rendered":"<p>The majority of UK bookmakers have today suspended markets on a<em><strong>\u2018vote of no confidence\u2019<\/strong><\/em><strong><em>\u00a0<\/em><\/strong>taking place on Theresa May\u2019s party leadership.<\/p>\n<p>Following a frantic 24-hours of trading, triggered by the abrupt departure of Dominic Raab as lead Brexit negotiator \u2013 who stated that he could not support May\u2019s draft EU-withdrawal agreement, bookmakers\u2019 have suspended a\u00a0<em>no-confidence motion.<\/em><\/p>\n<p>This morning, new sources report that so far\u00a0<strong>21 Conservative MPs<\/strong> have sent \u2018letters of no confidence\u2019 to\u00a0<strong>Sir Graham Brady\u2019s Conservative Committee.<\/strong><\/p>\n<p>Conservative Party rules mandate that<strong>\u00a0<\/strong><strong>15% of MPs (in this case 48),<\/strong> must support a \u2018no confidence\u2019 motion in order to trigger a vote on party leadership.<\/p>\n<p>Paddy Power Politics made the decision to suspend betting on the vote following \u2018heavy, continued betting on the outcome\u2019, as market odds had fallen from odds-on 1\/3 to\u00a0<strong>1\/10<\/strong>\u00a0before 10am (Friday), and had been slashed from as high as 5\/2 earlier this week.<\/p>\n<p>Nevertheless, should the vote happen, Paddy Power has moved to price Theresa at \u2018odds-on 1\/2\u2019 to secure a confidence approval, as opposed to\u00a0<strong>6\/4<\/strong>\u00a0for her to lose, warning Brexiters to be careful of what they wish for.<\/p>\n<p>Updating the media, politics spokesman\u00a0<strong>Paddy Power said:<\/strong>\u00a0\u201cWith letters flying in from disillusioned Tory lawmakers, we\u2019ve been forced to completely stop taking bets on a vote of no confidence taking place against the Prime Minister.<\/p>\n<p>\u201cHowever, we are seeing continued support on May to win the vote should it go ahead, in fact a win is rated over 25% more likely than a loss at this stage.\u201d<\/p>\n<p><strong>\u00a0Paddy Power \u2013\u00a0Vote of No Confidence Markets :<\/strong><\/p>\n<p><strong>Paddy Power \u2013 Next Conservative Leader:<\/strong><\/p>\n<p class=\"author__bio\" itemprop=\"description\">\n<p class=\"comment-form-comment\"><label class=\"show-on-ie8\" for=\"comment\">Comment<\/label><br \/>\n<textarea aria-required=\"true\" cols=\"45\" id=\"comment\" name=\"comment\" placeholder=\"Message\" rows=\"8\"><\/textarea><\/p>\n<p class=\"comment-form-author\"><label class=\"show-on-ie8\" for=\"author\">Name<\/label><input aria-required=\"true\" id=\"author\" name=\"author\" placeholder=\"Name...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-email\"><label class=\"show-on-ie8\" for=\"name\">Email<\/label><input aria-required=\"true\" id=\"email\" name=\"email\" placeholder=\"Email...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-url\"><label class=\"show-on-ie8\" for=\"url\">Url<\/label><input id=\"url\" name=\"url\" placeholder=\"Website...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-cookies-consent\"><input id=\"wp-comment-cookies-consent\" name=\"wp-comment-cookies-consent\" type=\"checkbox\" value=\"yes\"\/> <label for=\"wp-comment-cookies-consent\">Save my name, email, and website in this browser for the next time I comment.<\/label><\/p>\n<p class=\"form-submit\"><input class=\"submit\" id=\"comment-submit\" name=\"submit\" type=\"submit\" value=\"Send\"\/> <input id=\"comment_post_ID\" name=\"comment_post_ID\" type=\"hidden\" value=\"2115\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The majority of UK bookmakers have today suspended markets on a\u2018vote of no confidence\u2019\u00a0taking place on Theresa May\u2019s party leadership. Following a frantic 24-hours of trading, triggered by the abrupt departure of Dominic Raab as lead Brexit negotiator \u2013 who&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-122","post","type-post","status-publish","format-standard","hentry","category-europe","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BOOKMAKERS SUSPEND \u2018NO CONFIDENCE VOTE\u2019 ON MAY\u2019S PARTY LEADERSHIP - GBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc.ng\/index.php\/bookmakers-suspend-no-confidence-vote-on-mays-party-leadership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOOKMAKERS SUSPEND \u2018NO CONFIDENCE VOTE\u2019 ON MAY\u2019S PARTY LEADERSHIP - GBC\" \/>\n<meta property=\"og:description\" content=\"The majority of UK bookmakers have today suspended markets on a\u2018vote of no confidence\u2019\u00a0taking place on Theresa May\u2019s party leadership. 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