CHANCELLOR Alistair Darling has agreed to cover all bets at this afternoon's EBF Maiden Stakes and is tipping the Irish two year-old, General Ting.
Trained by Sir Mark Prescott, General Ting is one of 14 runners on their first outing at Lingfield today.
The bay colt is ridden by Seb Sanders, currently locked in a battle for the Jockey's Championship with Jamie Spencer.
Meanwhile the Chancellor is also extending the government's Fucknut Compensation Scheme to ensure that people can do whatever they want with their money without the slightest consequence.
Mr Darling said: "Maiden stakes are always so fascinating. The runners are out there for the first time and, who knows, one of these young horses may be a legend-in-waiting.
"What's more the jockey's title is going right down to the wire. Terrific stuff."
Personal finance expert Bill McKay said: "Previously the Fucknut scheme covered only the first £32,000 you decided to give to salaried loan sharks.
"Now the government will refund every penny you spend, even if you invest your life savings in the return of Betamax video recorders."
Mr Darling added: "If you see a brand new Ferrari advertised on eBay for a Buy-it-Now price of £3000, my advice is 'go for it'.
"When you turn up to collect it and discover you've been shafted, worry not – I'll send you a cheque."
Tom Logan, markets analyst with ABF McMartin and Dillcott, said: "Northern Rock investors tend to be respectable types who vote, unlike the horrid poor people who are left high and dry when their Christmas Club goes down the shitter."