Odds on the UK to stay in the EU for the remainder of 2019 have this morning been slashed into 1/3.
Punters have reacted to the Chancellor Sajid Javid’s comment this morning that effectively state that “the Brexit deadline can’t be met” with bookmakers slashing the odds on the UK not to leave the EU before the end of 2019.
The odds on the UK actually leaving before the end of 2019 are drifting, with 2/1 now available from online betting brand Paddy Power.
Whataretheodds.co.uk spokesman Spencer James commented:
“The comments from Sajid Javid this morning are pretty clear – the UK is not leaving on the 31st October, in fact punters don’t think we’ll actually be leaving at all in 2019.. Attention now turns to a general election, which seems the only way to make any progress regarding the Brexit issue.”
The news comes after the Chancellor stated on BBC Breakfast this morning that “the government’s pledge to deliver Brexit before the end of the month now can’t be met because everyone expects an extension”
EU ambassadors are meeting to discuss what length of Brexit extension to offer the UK, with the majority of EU states understood to favour a three-month delay. There are however hopes that the option to end earlier can be taken, if a deal can be thrashed out sooner.
The Chancellor also noted that the chances of a general election have now increased, stating “what is more important right now, I think, is getting Brexit done and then having that general election”
Labour responded this morning with shadow home secretary Diane Abbott commenting that Labour was “up for an election” but needed to know more about the type of extension offered by the EU, as well as gain an “explicit commitment that no-deal is off the table”