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George Osborne will not be the next Chancellor of the Exchequer. I should like to lay the same price as Paddy Power (1/5) but sadly not enough punters have enough interest on this market on the Betfairs. Someone has put up £2 and wants 1.79. Big spenders.

Here's the thing people. This election will almost certainly result in a hung Parliament. Our electoral system, to me, makes it too steep a mountain to climb for the Conservatives to reverse the majority of the current Government. The Tories need to win something like 116 more seats. This is very difficult. Particularly when they seem so reluctant to give the public any reason to vote for them.

In a hung Parliament they would need to deal with the Lib Dems and this means Vince Cable is probably the man for the job, which is obviously rather alarming for the country but good for our wager.

Even if a majority is won by the Conservatives, it's still seems unlikely Osborne will be the choice for Chancellor. Fatty boy Ken Clarke is a more popular option for example. Osborne to me does not look entirely bothered about the state of the country's economy and you'd think he might be if he knew he was due to take over as Chancellor. I think he'd rather not have to deal with the responsibility. He looks to me rather terrified by it all.

So anyway, closer to the election I'd be seeking to lay this bet if more people appear interested in betting on it. Meanwhile, betting on a hung Parliament is an alternative if you have monies to spare, which, if you're like most people in the country, you probably haven't. The cruel irony of it all.