Labour leadership is "small win" for bookies

Ed Miliband’s campaign team weren’t the only ones who breathes a sigh of relief yesterday. Scrapbook chatted to one bookmaker shortly after the result:

“Ed was at a high price for much of the contest and we took a lot of money for him late on. But the overall weight of money behind David means it’s a small win for us.”

Mike Smithson cleaned up with a three-figure profit.