Politics By Graham Sharpe

7/1 Osborne Grexit Budget

BOOKMAKERS William Hill expect Chancellor, George Osborne, to deliver the first Budget of the Conservative majority government whilst wearing a true-blue Tory tie - and make him odds-on at 4/6 to do so.

Hills make Purple their 3/1 second favourite, and also offer 5/1 Green; 8/1 Grey; 16/1 Pink; 20/1 Yellow; 25/1 Brown; 33/1 Red.

The bookies anticipate that Mr Osborne, 5/1 to be the next Prime Minister with Hills, will speak for 55 or more minutes, quoting this option at 4/6, with a shorter speech of under 55 minutes offered at 11/10.

Meanwhile, Hills are also offering odds of 7/1 that the Chancellor will use the word 'Grexit' during his speech, with Greece currently offered at 6/4 to leave the Eurozone during 2015, and 1/2 to remain in beyond the end of the year.

Other words or phrases Hills are offering odds about the Chancellor using include: 1/3 Nothern powerhouse; 1/2 'Rewarding hard-working people'; 4/1 Alex Tsipras; 7/1 Austerity; 8/1 Andy Murray; 10/1 Wimbledon.

Greece are also 1/3 favourites with Hills to be the first country to leave the EU, with the UK 4/1 second favourites and Hungary 12/1 third favourites.