What are the latest Brexit odds and what are the chances of a second referendum?

What are the latest Brexit odds and what are the chances of a second referendum?

AFTER a third day of crunch votes Parliament voted to extend Article 50 and delay the UK’s departure date by four months. The government moti

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AFTER a third day of crunch votes Parliament voted to extend Article 50 and delay the UK’s departure date by four months.

The government motion extends Brexit Day from March 29 to at least June 30. Here’s how the latest odds stand with just over a fortnight to go…

Britain remains on course to crash out of the EU without a deal
Getty – Contributor

What are the latest Brexit odds?

The odds for a No Deal Brexit are shrinking slightly after MPs surprised the government by voting against the outcome under any circumstances.

But the vote is not binding, and Britain’s default position if it fails to meet with a deal that’s agreed with the EU is to crash out without a deal.

However, it’s looking more and more likely that the government will now vote on extending Article 50.

What will happen next remains a mystery. Here are the odds as off March 14 on the various possible outcomes:

  • A second EU referendum in 2019: 5/4 (Ladbrokes and Coral)
  • 2019 referendum and UK votes to Remain: 5/2 (Ladbrokes and Coral)
  • Theresa May still be PM on April 1, 2019: 1/25 (Paddy Power)
  • Uk to Leave EU with no Brexit deal before April 1, 2019: 3/1 (Ladbrokes and Coral)
  • The UK to apply to rejoin the EU by 2027 (5/6 Paddy Power)
Negotiations are ongoing under Article 50 of the Lisbon Treaty ahead of the UK's exit on March 29, 2019
Negotiations are ongoing under Article 50 of the Lisbon Treaty ahead of the UK’s exit on March 29, 2019
PA:Press Association

Will there be a second referendum?

On March 14, MPs rejected a second Brexit referendum by 334 votes to 85.

The odds of a second referendum are now 5/4 (Ladbrokes) and a second referendum  with an outcome of remain at 5/2.

After the “meaningful vote” was twice rejected, Theresa May will now try to push through a third one before or on March 20, 2019.

On February 25 it was revealed that Labour is BACKING a second referendum.

Jeremy Corbyn pledged to support moves for a “public vote to prevent a damaging Tory Brexit”.

The Labour leader made his U-turn after young EU enthusiasts turned against the party in protest against Mr Corbyn’s Brexit policy.

Previously the results of a poll, leaked to ITV News, suggested that Labour would pick up votes if it supported a second referendum on the EU.

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