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1997 is of no consequence as he was no longer Prime Minister.
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but he was leader of the tory party
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For the final time we are talking about someone remaining as Prime Minister despite no longer leading their party. Some fear that bookmakers will not payout on the resignation date of June 7th arguing that she is carrying on until her successor takes over.
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it doesnt matter for this market if she is prime minister or not.
it is if she is leader of tory party as per the rules when cameron resigned he was still classed as leader of tories too as he was not restanding for election |
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Don't know why you are harping on about the word 'resign'. The market is based on the date she officially ceases to be Tory leader, not the date she 'resigns' and in every case since 1922 when a leader has stepped down they have announced their resignation but not ceased to be leader until a new one was found. Resignation and ceasing to be leader are not the same thing. Major was not stepping down and had no intention of ceasing as leader - he was pulling a stunt to put it up to rivals, that's why it's different to every other case since 1922.
Whatever happens there is no guarantee that she will actually cease as leader on 7th June even if she fully intended to when she made her announcment. You will have to wait until 7th June to find that out. The market has it right. |
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Theresa May has bowed to intense pressure from her own party and named 7 June as the day she will step aside as Conservative leader, drawing her turbulent three-year premiership to a close.
That is what all the reports are saying which you are intent on ignoring for whatever reason. |
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This is an extract from a Parliament doc about the leadership election
The Prime Minister, Theresa May, announced her intention to stand down as leader of the Conservative Party on Friday 24 May. She will stand down on Friday 7 June, starting the latest leadership contest of the Conservative Party |
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I am not ignoring it, I am saying that 'stepping aside' 'standing down' or 'resigning' are not the same thing as 'officially ceasing to be leader' and that expecting her to officially cease as leader on 7th June is foolish given the history of the procedure when there has been a change of leader in every single case since 1922.
Stepping aside. standing down or resigning in this context has always meant simply triggering the process of finding a new leader and not officially ceasing to be leader on that date. It is normally the date that the leader unofficially ceases to be leader but the word 'officially' is used in the market rules and is most important here. You seem to be ignoring that and the history of the procedure involved, attaching more weight to media reports which are worthless and not part of the procedure. |
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Well you obviously know best lurka and perhaps you will inform the Conservative Party of your interpretation of the statement issued.
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If May is still leader until a successor is found then why name the date of June 7th at all? It makes no sense. Still can’t see that the rules are even debatable that she ceases to be official leader on 7th June. Genuinely baffling some of the things Betfair CS have told people and the state of the market letter of the law is giving away free money.
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A "Free Money" thread in danger....has this happened before?
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"On Friday 24 May 2019, Theresa May announced she would resign as leader of the Conservative Party on 7 June" -https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN01366#fullreport
Aka on 7 June, she won't be leader. The headlines will read "Theresa May Resigns as Tory Leader". The market will then be settled. |
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It's not about who knows best, because nobody knows what will happen on June 7th despite her statement and despite people saying on here what will happen on 7th June. My point is that numerous leaders have resigned previously and remained on as official leader until a new leader is found. That is the normal procedure and normally 'resign' etc only means to trigger the process for finding a new leader and that may be all she will actually do on 7th June. There is no reason for her to leave the party officially leaderless in the interim, it would be highly unusual to do that. She might, but it's foolish to assume that she will and the market is of the opinion that she won't.
The 7th June date makes sense if that is the date the process is to be triggered or if she will officially cease to be leader on that date. You can read it either way. She may have her reasons for waiting until then to trigger it. |