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.
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Jim Pickard joined the lobby team in January 2008. He has been at the Financial Times since 1999 as a regional correspondent, assistant UK news editor and property correspondent.
Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.
Elizabeth Rigby, the FT's chief political correspondent, joined the lobby team in September 2010. Elizabeth has worked at the FT for more than a decade and was most recently its consumer industries editor.
Helen Warrell is the FT's UK reporter, covering home affairs, crime and policing. She joined the FT in 2008 and has spent time as a reporter in the Brussels bureau and more recently, editing the paper's Asia coverage on the world news desk.
