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Why can you still back May to leave at 1.15?

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By:
donny osmond
When: 26 May 19 17:36
trump isnt hear yet , is he?

d day is 6 june
By:
unitedbiscuits
When: 26 May 19 17:39
Of course, dave1357.

But Theresa May has been the tank behind which Johnson, Raab, Gove and the rest have been advancing these last 3yrs.

She's still taking the shots until she leaves Downing St.
By:
dave1357
When: 26 May 19 17:41
The point is that embarrassment or poor form isn't an issue.  She prob has leader duties to complete then the trump/d-day stuff takes time.  So resigning is actually something significant in terms of the leadership and not just a matter of process.
By:
lordnoise
When: 26 May 19 17:42
No I'm happy with my interpretation of resign although I understand the difference between tendering one and having it officially accepted. I'm not sure the 1922 rules go into the detail but I suppose its possible that tendering ones resignation might be enough to trigger an election without it being officially accepted.
By:
donny osmond
When: 26 May 19 17:44
i think they have allowed her to remain in place through this period as a trade off for her agreeing to go

saves alot more process change and hassle to get rid of her
By:
donny osmond
When: 26 May 19 17:46
i dont think you do understand resignation if that is your reply!
By:
Libertine93
When: 26 May 19 17:47
I think the whole trump thing is irrelevant to this market. She would be hosting that in her capacity as PM not leader of the Tory party.
By:
dave1357
When: 26 May 19 17:47
hmmm but she's "in place" for weeks if the "still leader" interpretation is correct.
By:
Lifter
When: 26 May 19 17:48
"I will resign as leader of the conservative and unionist party on June 7th, so that a successor can be chosen. I have agreed with the party chairman and chairman of the 1922 committee that the process for electing a new leader should begin in the following week. I have spoke with the Queen about my intentions and will serve as her PM until this process has concluded".

She has already given her notice. June 7th is her exit date of leadership. She will continue as PM.
By:
lordnoise
When: 26 May 19 17:49
Whats your definition of resign in this context donny ?
By:
donny osmond
When: 26 May 19 17:51
resign means resign....
By:
Lifter
When: 26 May 19 17:51

May 26, 2019 -- 5:51PM, donny osmond wrote:


resign means resign....


"voluntarily leave a job or office"

By:
donny osmond
When: 26 May 19 17:52
if you resign your job you do not always leave as soon as you put your letter in

sometimes you will, sometimes you wont.
By:
Lifter
When: 26 May 19 17:53
So she's giving notice that she will give notice?
By:
dave1357
When: 26 May 19 17:53
There is no reason I can see for her not resigning last Friday but instead waiting till the 7th if she is leader till succeeded.  She stays PM and leader until succeeded either way.  There must be leader things she wants to finalise as leader and she wouldn't do that if she was still leader.
By:
donny osmond
When: 26 May 19 17:53
you resign yourself to death, doesnt mean you cant still post on hear...
By:
donny osmond
When: 26 May 19 17:55
not resigning last friday has no bearing, she was asked to state a
leaving time table, which she did.
By:
donny osmond
When: 26 May 19 17:57
or forced to state a leaving time table.



they do not want to humiliate her
By:
ericster
When: 26 May 19 17:58
I DO wonder how many really, I mean REALLY, want to take her job. Poisoned chalice or what? And if she'll be thinking " go on then, ****hole. Show us what you've got."
By:
dave1357
When: 26 May 19 18:01
but donny, Cameron just said he was resigning, so let's get a new leader, no hurry.  The difference here is clear.
By:
donny osmond
When: 26 May 19 18:02
the difference is clear as he wasnt being forced out, indeed his resignation took most
by surprise.
By:
lordnoise
When: 26 May 19 18:03
You can resign but not have it accepted or perhaps officially deferred to a later date (perhaps once the new leader is elected) which is my main concern ...
By:
unitedbiscuits
When: 26 May 19 18:05
The difference is cosmetic. It would be wrong of Betfair to settle on a technicality in June if May is still in 10 Downing St in July.
By:
Lifter
When: 26 May 19 18:05
"If a Conservative prime minister resigns as leader of the party, this triggers a contest for a new leader. They could choose to stay as Prime Minister until a new leader is elected, or resign in favour of another Conservative MP who would temporarily be Prime Minister until the leadership contest is over"  - https://www.instituteforgovernment.org.uk/explainers/conservative-party-leadership-contests

So on the 7th, May resigns as leader, triggers a contest for new leader, then stays on as PM. Note it does not mention that the PM can choose to stay as leader until a new leader is elected.
By:
Lifter
When: 26 May 19 18:06

May 26, 2019 -- 6:05PM, unitedbiscuits wrote:


The difference is cosmetic. It would be wrong of Betfair to settle on a technicality in June if May is still in 10 Downing St in July.


The market is about Tory leader, not PM.

By:
tobermory
When: 26 May 19 18:07
It is pretty clear she is going to resign on June 7th.

Is she really going to announce her resignation as leader and then state she will continue as leader until a successor is found ? That is what the market is expecting but it makes no sense.

She is certainly not resigning as PM that day (going to the palace, recommending a successor) but all reports state she is 'stepping down' on that date. Stepping down implies she will not be Tory leader in any form at all at that point.

Her interim role will be as PM from that point. I really can't see any necessity for an interim Tory leader, but surely the deputy could do it.

The Brady meeting was all about her giving a departure date as Tory leader. That we have June 7th to me indicates there is no 'until a new leader has been elected'.
By:
Lifter
When: 26 May 19 18:07

May 26, 2019 -- 6:06PM, Lifter wrote:


May 26, 2019 --  6:05PM, unitedbiscuits wrote:The difference is cosmetic. It would be wrong of Betfair to settle on a technicality in June if May is still in 10 Downing St in July.The market is about Tory leader, not PM.


They are two different jobs.

By:
Lifter
When: 26 May 19 18:08

May 26, 2019 -- 6:07PM, tobermory wrote:


It is pretty clear she is going to resign on June 7th.Is she really going to announce her resignation as leader and then state she will continue as leader until a successor is found ? That is what the market is expecting but it makes no sense.She is certainly not resigning as PM that day (going to the palace, recommending a successor) but all reports state she is 'stepping down' on that date. Stepping down implies she will not be Tory leader in any form at all at that point.Her interim role will be as PM from that point. I really can't see any necessity for an interim Tory leader, but surely the deputy could do it.The Brady meeting was all about her giving a departure date as Tory leader. That we have June 7th to me indicates there is no 'until a new leader has been elected'.


anddd close thread.

By:
tobermory
When: 26 May 19 18:12
My concern is that the market is what it is because betfair have failed to understand the distinction between Leader and Prime Minister, when the latter should be irrelevant according to their own market. And they have assured people it will be settled 'when a new leader is chosen'.

If that's the case I can see them voiding the June Exit bets
By:
donny osmond
When: 26 May 19 18:12
You can resign but not have it accepted or perhaps officially deferred to a later date (perhaps once the new leader is elected) which is my main concern




no you can resign, have your resignation accepted and remain in your job...for a while at least, often
until your relacement is found....or you can resign and walk away , both are resigning
By:
Lifter
When: 26 May 19 18:16
I guess the market is what it is because of sharing Donny's view, that she will resign as leader, but stay on as leader.
By:
dave1357
When: 26 May 19 18:18
no the market is as it is because betfair cs have been saying silly things
By:
Lifter
When: 26 May 19 18:18
But that makes little sense to me if she would be leader regardless. Why mention June 7th? Why the announcement of an announcement?
By:
donny osmond
When: 26 May 19 18:18
or because you dont understand the meaning of resign and its implications
By:
unitedbiscuits
When: 26 May 19 18:19
Resigning on June7 is a meaningless gesture except to trigger a leadership contest.

May's exit date is when she leaves Downing St.

Stop whining.
By:
dave1357
When: 26 May 19 18:29
so why not meaninglessly resign on friday?
By:
Templeton Peck
When: 26 May 19 18:33
No, Betfair are fully aware of the difference between leader and PM.

Betfair's stance is simple: a leader hands in their resignation so the contest can begin and remains leader until the new person is appointed. 

This is how it's always been shown on Wikipedia.  Nobody can provide any evidence of otherwise.  That's what will be key, someone providing Betfair with something official which says the Conservatives don't have a leader.
By:
lordnoise
When: 26 May 19 18:52
This in the Telegraph ...

Usually the departing Prime Minister stays on in a "caretaker" role after resigning to give the party long enough to pick a new leader. That's what David Cameron did in 2016 and what Mrs May will be doing, too.
By:
dave1357
When: 26 May 19 18:54
sigh

the market isn't prime minister
By:
Lifter
When: 26 May 19 18:56

May 26, 2019 -- 6:52PM, lordnoise wrote:


This in the Telegraph ...Usually the departing Prime Minister stays on in a "caretaker" role after resigning to give the party long enough to pick a new leader. That's what David Cameron did in 2016 and what Mrs May will be doing, too.


PM

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