Breaking News from the BBC (and only a few hours after Old Holborn posted the rumour), David Laws resigns over £40,000 of rental payments and it wont be long before we start getting SMS jokes about him paying for ‘rent’ either I think.

Guido wrote about Laws and his future prospects earlier and even had £500 on him staying – oops!

At least he has done the decent thing unlike the last shower of shit who carried on as if nothing had happened but I feel it is also a shame as he seemed to have a lot more about him than Osborne.