Since the 23rd June 2016, the political landscape in Great Britain has been in limbo with the people of the UK voting to leave the European Union.
More than two years on from the initial vote, politicians and decision makers continue to debate the way in which Brexit will affect both the UK and the EU and with political tensions running high, the intrigue and speculation surrounding Brexit continues to manifest.
When will the UK Leave the EU?
Ever since the result of the referendum, speculation has rained over when the UK will officially leave the European Union – a question that still rings true today. Remain voters have frequently pointed the finger at the uncertainty and lack of organisation displayed by the UK government and situation is still yet to be resolved with Theresa May suffering three Brexit defeats in the House of Commons last week. The original Brexit date set out by the Conservative government was 29th March 2019 – a date now looming large and with all of the current uncertainty Ladbrokes are offering 1/2 on the UK NOT officially leaving the EU by 29th March 2019.
Seemingly the official exit from the UK from the EU is no closer with public and political pressure for a second referendum stronger than ever before, meaning odds are being offered on multiple Brexit scenarios. With the original leaving date still in mind, Sky Bet are offering 11/10 on the UK to leave the EU between January and March 2019, whilst Coral are offering 5/1 on Brexit to happen between April 2019 and June 2019.
Leave voters are becoming increasingly frustrated at the seeming lack of progress made so far and it seems to be an issue that could rumble on for a while and as a result, Uni Bet are offering 2/1 that the UK won’t leave the European Union before 2022.
Will there be a Second Referendum?
Such was the small winning margin in the original vote, the remain voters have often spoke of their need to be heard in Brexit negotiations moving forward. Public opinion appears to be divided on the need for a 2nd Referendum but with the apparent uncertainty at 10 Downing Street, the calls for another vote have become more prominent. Betway are offering 6/5 on another Brexit Referendum taking place whilst Bet Victor are offering punters 4/5 that there won’t be another Brexit vote.
Power with the House of Commons
Theresa May has been under fire since stepping into the breach in light of the Brexit result and she has spent the last two years trying to win over public opinion – both in and out of the House of Commons. In order for Brexit’s Article 50 to be officially ‘rubber stamped’ by the UK Government – May requires a majority vote in the House of Commons. Thus far, this has eluded her, with chaotic scenes marring UK politics in the last few weeks. Paddy Power are offering a 1/12 that the House of Commons won’t pass the Brexit result whilst Betfair are offering 6/1 that the Brexit vote will be passed by the House of Commons.
Marcus Holland is CEO and Editor of Wagered.com and has been writing for ten years about his two favourite topics – finance and gambling. Marcus has been featured on TheBigGame.co.uk, FuturesMag.com, Investing.com, and various other online publications. Contact him at firstname.lastname@example.org.