Back (to Lay) bet on Charles Clarke - 50-1 - Betfair - 1.5 pts

It look a disctint possibility that Charles Clarke could stand against Gordon Brown in the race for the Labour Party Leadership. He will need 44 MPs to nominate him - whether he gets this will likely depend which of John Macdonald/Millband (if any) stand. I fully understand why he wants to stand - he is not likely to get any sort of poistion in a Brown led government.

http://www.timesonline.co.uk/tol/news/politics/article1596687.ece

If he does make the ballot paper, I would expect him to trade at approx. 10-1. Can't see him winning so would be a good point to lock in the profit.