View From Across The Pond: It’s a big day at the Houses of Parliament, for the UK and European politics as a whole. The British Prime Minister, Theresa May is in Westminster attempting to pass her second Brexit plan, after the initial was resoundingly rejected in January.
Political tensions are at a high in the United Kingdom and the impending deadline to leave the European Union (March 29th 2019) is only amplifying it. Leader of the opposition Jeremy Corbyn, is voicing his displeasure over May and her party’s attempts to string together a solution that suits all sides of the never-ending Brexit quandary.
Corbyn believes that Mrs. May’s second plan will be turned down by the Members of Parliament later this evening, something that the British books are in agreement with. A no-deal Brexit now stands around the -800 mark, and the odds of a deal being done by the Morning of March 30th is at +450.
It is suspected that if the Prime Minister’s revised plan fails to be passed later today, it could spell the end of her term at 10 Downing Street. The odds-makers have chalked up May’s “exit date” to be before the end of this year, with the price as low as -250.
The odds of leaving the European Union before the end of 2019 now lay at -111, which implies there’s more chance that the UK will leave the European Union by the new year, than there is of Theresa May leading the nation into 2020.
Tonight will be key for the future of Britain and it’s Prime Minister. Odds are likely to continue to shift as briefings and leaks emanate from Central London.
We'll be posting regular articles updating those prices as 29th March draws closer. So stick with Oddschecker for the latest shifts in political betting.