People keep talking about Brexit, but will it happen?
The United Kingdom’s withdrawal from the European Union, famously known as Brexit, ranks among the hottest topics within the world of politics at the moment.
One of the biggest figures to be involved in the Brexit discussions was now-former British Prime minister Theresa May. During her time as PM, May had faced opposition from many members of parliament on the matter and even had to convince some of the members within her own Conservative party that she really is in favour to leave the European Union.
In fact, Mrs May, who had been elected as UK prime minister back in 2016, failed to get the necessary parliamentary support for the legislation needed to implement the Brexit deal she had agreed on with the EU and as a result, she decided to resign from her position in June 2019.
May’s successor as British Prime Minister was another diehard Brexit supporter and that is the colourful Boris Johnson whose aim now is that of managing to deliver Brexit anytime until 31 October 2019. This is the date of the extension for Brexit agreed between the EU and the UK together with the 27 other EU countries. Chances of that happening, however, are not that big with odds of the UK not exiting the political and economic union before 2020 at 1.6. On the other hand, odds of Boris Johnson being able to get the country out of the EU before the end of the year are at 2.2 .
The Uxbridge PM has been putting in his energy for Brexit to actually happen since before the famous 2016 referendum and now that he replaced May, he is expected to continue working hard in order to reach this objective. He has pledged to "hold out the hand" and "go the extra thousand miles" in an attempt to get a new Brexit deal rather than leaving his position without one.
Generally speaking, it is probably more a question of when this will happen rather than if and odds of the UK going through with Brexit are at 1.33 as opposed to those of Article 50 being revoked currently at 3.25.