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DStyle
09 Jun 17 13:49
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Date Joined: 20 Jan 05
| Topic/replies: 27,270 | Blogger: DStyle's blog
rules seem quite clear?

or at least I thought they were....

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By:
Jes1981
When: 09 Jun 17 14:06
I'd like to know that too
By:
matty1
When: 09 Jun 17 14:09
The rules seem clear to me. Should be settled IMO
By:
adge
When: 09 Jun 17 14:40
was backed late to 1.02.........market suspended....now out to 1.09...what's going on , why not settled ?
By:
jamesdean
When: 09 Jun 17 14:44
Been on phone to them as well. They're saying waiting on confirmation

Only have to switch on any tv channel, as said should be settled.
One wonders why they're keeping the market open so long, if I was a cynic..
By:
Jes1981
When: 09 Jun 17 14:46
How much more confirmation do they want? Are they expecting The Queen to phone them up to tell them personally?
By:
bingo bongo
When: 09 Jun 17 14:47
Has to form a government first, not just say shes going to.
By:
Jes1981
When: 09 Jun 17 14:48
But what does that actually entail? When will that be official?
By:
hologon
When: 09 Jun 17 14:49
Well you can always get more on if that is your inclination
By:
jamesdean
When: 09 Jun 17 15:03
Here is the rules here. No mention of having to form a government

For further information please see Rules & Regs.

Who will be the Prime Minister of the United Kingdom when the first government is formed after the next UK general election. This market will be settled on the formation of the first ministry (government) after assent is given by the reigning monarch after the next UK general election.

This market will be turned in-play at the start of voting on the day of the next general election.

Betfair reserves the right to suspend, cancel unmatched bets and turn in-play or re-open this market as and when information becomes available to it. Additional runners may be added upon request.

In the event of any ambiguity over an announcement, Betfair may determine, using its reasonable discretion, how to settle the market based on all the information available to it at the relevant time. Betfair reserves the right to wait for further official announcements before the market is settled. If there is any change to the established ministerial role or any ambiguity as to who occupies the position, then Betfair reserves the right to void this market at its absolute discretion.

Betfair will not be responsible for suspending the market when an official announcement is made. However, Betfair will suspend the market as soon as it becomes aware of an official announcement. Betfair expressly reserves the right to suspend and/or void any and all bets on this market at any time in the event that Betfair is not satisfied (in its absolute discretion) with the certainty of the outcome.
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She has been to see the Queen and had the ok, not sure what more is needed?
By:
posy
When: 09 Jun 17 15:04
Presumably there's no new Government until the opening of parliament and the Queen's speech.
By:
bingo bongo
When: 09 Jun 17 15:08
Its literally the first line of the rules.......
By:
Jes1981
When: 09 Jun 17 15:09
But we're not betting on there being any kind of government. All over the news she is referred to as the Prime Minister. Donald Tusk sent her a letter congratulating her on continuing to be the Prime Minister.
By:
duffy
When: 09 Jun 17 15:10
She hasn't formed a government yet, she could pop out of No.10 at any moment after having come to her senses and state "what am I on about, I've got no fooking chance trying to carry on", you can't find a cabinet minister anywhere willing to give an interview, they're all currently behind the scenes trying to get her to go....that's why it's still open.
By:
jamesdean
When: 09 Jun 17 15:11
That's being a bit pedantic. Surely the fact she's been to see the queen and got the ok
would be enough to say she's formed a government, unless anyone can just turn up and tell the queen how they're going to run the country
By:
duffy
When: 09 Jun 17 15:19
formation of the first ministry AFTER she's been to the queen, she hasn't done that yet.

In normal circumstances where a government had a clear win then I'd agree with it being pedantic, but this isn't normal with many expecting her to have resigned, the possibility is still there that once the dust settles and the realizeation finally sinks in to what has happened she may re-consider her position.
By:
jamesdean
When: 09 Jun 17 15:27
Backers shouldn't need to wait on the dust settling, she's confirmed she's staying on etc

Anyway, it's a matter of time, just annoying as everyone and their dog have seen the news. She's spoke to queen, had a letter from Tusk, come out and said so herself outside
no.10
By:
Jes1981
When: 09 Jun 17 15:46
http://www.bbc.co.uk/news/election-2017-40209087?intlink_from_url=http://www.bbc.co.uk/news/live/election-2017-40171454&link_location=live-reporting-story

"When will things be finalised?
The first deadline is Tuesday 13 June, when the new Parliament meets for the first time.
Mrs May has until this date to put together a deal to keep herself in power or resign, according to official guidance issued by the Cabinet Office.
She is entitled to wait until the new Parliament to see if she has the confidence of the House of Commons.
The government then needs to see if it can assemble the votes it needs to get its programme of proposed new laws passed in the Queen's Speech, which is scheduled for Monday 19 June.
This is when it will be relying on the DUP's support."

Not sure if this is what we're waiting for. But could take until Tuesday or a week on Monday even.
By:
jamesdean
When: 09 Jun 17 16:02
Will be a statement today or this evening. Once she has confirmed the new government with the DUP that should be that.

If she changes her mind down the line then that's up to her but it's nothing to do with the bet.
The bet wasn't how long she'd bi in charge after the election, just who would be in charge.
By:
duffy
When: 09 Jun 17 16:18
There isn't going to be a new government with the DUP, that would be a coalition, what's being proposed is a half baked informal you scratch our backs we'll scratch yours "alliance"
By:
jamesdean
When: 09 Jun 17 16:34
She's just confirmed everything (she's staying) 2 minutes ago live on BBC

Surely time to settle market now
By:
DAFFODIL1
When: 09 Jun 17 16:37
So is this a coalition? or buddies looking after each other?
By:
duffy
When: 09 Jun 17 16:47
If it was a formal coalition, DUP members would have to hold cabinet posts.
By:
DAFFODIL1
When: 09 Jun 17 16:49
Thanks Duffy,thought that but wondered why the market was still open, I can only assume they are waiting for her cabinet shuffle.
By:
DStyle
When: 09 Jun 17 17:01
it'll be settled when the DUP/Con agreement has been formalised.
By:
DStyle
When: 09 Jun 17 17:07
Bojo apparently "on manoeuvres", cabinet announcements delayed, knives being sharpened, she's a dead duck.

Seems as though May got an agreement in principle from the DUP and then rushed to Buckingham Palace without consulting her closest cabinet members.
By:
jamesdean
When: 09 Jun 17 17:14
They've been saying bojo's been "on manoeuvres" since 6am this morning

She's here to stay and has said as much just 20 minutes ago.
Deal with the DUP happening now, nothing to see here..
By:
jamesdean
When: 09 Jun 17 17:21
Breaking News

Queen asks Teresa May to form Government

Go collect
By:
spurs to buy big
When: 09 Jun 17 17:23
has to be a possibility she resigns over weeekend
By:
duffy
When: 09 Jun 17 17:25
arket isn't going to be closed until she forms a government, has formal talks with DUP, appoints a cabinet. She hasn't fulfilled the criteria set out in the rules of the market yet!!!
By:
jamesdean
When: 09 Jun 17 17:26
Cabinets confirmed
By:
spurs to buy big
When: 09 Jun 17 17:30
4 positions only  confirmed
By:
jamesdean
When: 09 Jun 17 17:31
5
By:
jamesdean
When: 09 Jun 17 17:32
Everyone staying put
By:
tobermory
When: 09 Jun 17 17:34
If Boris or Rudd refuse to serve in cabinet then she will go
By:
tobermory
When: 09 Jun 17 17:37
That should be ok to settle if they all stay
By:
jamesdean
When: 09 Jun 17 17:42
Interview on bbc now, she's going nowhere
By:
tobermory
When: 09 Jun 17 17:45
they will probably give her the rest of the year as a lame duck then ditch her and new leader calls a an election for next summer
By:
Jes1981
When: 09 Jun 17 17:56
If all of this doesn't make someone the Prime Minister then i don't know.
By:
jamesdean
When: 09 Jun 17 18:16
Has she got to come out and say  "Hi, my name is Theresa May and I'm the Prime Minister" before they settle?
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