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Odds Split on Whether UK Withdraws from European Union

Robert Duff

by Robert Duff in Politics News

Updated Mar 24, 2020 · 10:48 AM PDT

Theresa May
UK Prime Minister Theresa May has requested a Brexit delay from the EU. Photo by EU2017EE Estonian Presidency (flickr).
  • See the odds on whether or not the UK will leave the EU
  • Tuesday, Britain’s Prime Minister Theresa May requested an extension to the Brexit deadline
  • In 2016, the UK voted in favor of leaving the EU

When it comes to a decision about their future in the European Union, life in the UK is beginning to resemble a Clash song. Should they stay or should they go?

One day it’s fine and the next it’s black. But if Britain wants everyone off their back, they need to let the EU know – will they stay or will they go?

Even the sportsbooks appear undecided when it comes to Brexit.

Will UK Withdraw from EU in 2019?

Will UK Withdraw from EU? Odds
Yes -115
No -115

Odds taken 04/02/19

On June 23rd, 2016, 51.9% of the British public cast ballots in favor of exiting the EU, creating what’s become known as Brexit.

The Latest from UK Headquarters

Tuesday, British Prime Minister Theresa May announced plans to request an extension to the UK’s May 22nd deadline to reach agreement for departure from the EU.

On March 30th, the British Parliament cast ballots 334-286 against May’s proposed EU withdrawal agreement. It was the third proposal she’s presented to be rejected by MPs.

She has until April 12th in order to gain a longer extension of the negotiation process to avoid a no-deal Brexit happening on May 22nd.

May has requested a sitdown with opposition leader Jeremy Corbyn of the Labour Party to try and find some sort of bipartisan solution to the Brexit issue, news that didn’t sit well with some prominent members of her governing Conservative Party.

Corbyn has agreed to meet with her and discuss the matter.

What’s at Stake?

The European Union (EU) is an economic and political partnership that includes 28 countries. It created a single market scenario where goods and people can move freely between each member as if they had formed one giant country.

Originally, Britain was slated to leave the EU on March 29th, 2019, but that deadline was extended to May 22nd. Estimates are the entire cost of Brexit to the UK will be around $1.82 billion.

What’s the Play Here?

Delays, delays, delays. Nothing but delays.

That’s been the story of Brexit since the vote first came down to leave the EU. Tuesday’s developments are just the latest delay in the process.

May’s endgame from her meetings with Corbyn is for the leaders to develop a series of proposals to be presented to Parliament. But before that can happen, they must agree in advance that whatever option is approved by MPs, both parties will abide by it.

Opposing parties coming together to come up with solutions of this magnitude isn’t going to happen overnight. And there’s still the chance that a second Brexit referendum could be held.

No is the wager here all day long.

Pick: No (-115)

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