Ladbrokes Brexit Odds: Second UK EU Referendum Odds Drift Despite ‘No Deal’ Speculation

Ladbrokes Brexit Odds: Second UK EU Referendum Odds Drift Despite ‘No Deal’ Speculation

The United Kingdom is less likely to hold a second referendum on its departure from the European Union despite its struggles to make progress in divorce talks with the continental organisation, according to the bookmakers.

Shadow foreign secretary Emily Thornberry warned the UK looks more and more likely to be heading for a “no deal” exit from the EU. She appeared on the BBC’s Andrew Marr Show and said, per BBC News:

“I think what we may be seeing is the Europeans trying to make it clear that it is not their fault that there are these difficulties – the intransigence does not come from their side, it comes from Theresa May’s side.

“And in the end I think the reality is the intransigence is on Theresa May’s side, because she doesn’t have the strength or the authority to be able to control her backbenchers, let alone her cabinet. And I think we are heading for no deal, and I think that that is a serious threat to Britain and it is not in Britain’s interests for that to happen.”

Britain has hit several stumbling blocks in its attempts to organise an amicable exit agreement with the EU. Ladbrokes now offers odds of 5/1 (6.00) for there to be a second referendum on its independence from the union, a market that was priced at 7/2 (4.50) less than a fortnight ago.

Image courtesy of Daily Express.

UK Referendum/Brexit Odds

UK to be Full EU Member on January 1, 2020: 4/1 (5.00)

Another UK EU Referendum Before End 2019: 5/1 (6.00)

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