Vince Cable is odds-on favourite to be the next Government minister to leave the Cabinet, according to an online betting exchange.

The Business Secretary was yesterday 3:1 on to quit after Lord Oakeshott left the frontbench over Chancellor George Osborne's new banking deal.

Smarkets, a social betting exchange where users set their own odds, rated Lord Strathclyde as the second favourite to walk out, followed by Andrew Lansley and Eric Pickles.