Minutes after the polls closed and a good 20 hours before we can expect the official result, Conservative Home have called the London mayoral race for Boris Johnson. Brave stuff.
The betting markets have moved heavily against Ken Livingstone. According to punters at Betfair, he now has just a 15 per cent chance of winning.
This graph shows the pattern of betting on Livingstone through the entire campaign.
Jim Pickard and Alex Barker, FT Westminster correspondents, share the latest news and gossip from the UK's political scene.
Alex Barker has been an FT political correspondent since July 2007. He joined the paper in 2005, after working in current affairs television.
Jim Pickard joined the FT's lobby team in January 2008, having been a regional correspondent, assistant UK news editor and property correspondent.
FT.com - UK Politics & Policy news
Selected FT blog posts
Back to Westminster Blog homepage