Prime Minister Boris Johnson has asked the Queen to suspend Parliament beforehand of the Brexit deadline on 31st October, leading to bookmakers cutting odds within a no-deal situation.
Having been priced frequently since March, the chance of the UK leaving the European Union with no withdrawal arrangement is currently even cash with various bookmakers.
Odds have been flying about that mark because Boris Johnson took over as Prime Minister, with it appearing increasingly possible that this could be an option for your new man in No.10.
But, the motion of today comes in light of the PM which makes a jolt move to ask the Queen so as to set the legislative acts of his government to divert Parliament from September until October.
The Prime Minister’s petition to suspend parliament before 14th October would decrease the quantity of time MPs have to pass legislation to protect against the scenario that is no-deal.
Punters have jumped into the deal or no-deal market consequently, with a large 72.2percent of bets available on the marketplace in the past 24 hours moving on the united kingdom leaving with no offer.
Johnson’s controversial movement has been met with significant resistance from key characters like House of Commons Speaker John Bercow and resistance leader Jeremy Corbyn.
Their debate is that suspending parliament ancient is unconstitutional and would effectively closed MPs from this process in this phase that is vital prior to the October deadline.
Boris Johnson insists that he merely wants to put his plans desperately out, as opposed to mask any intentions of leaving the European Union without an agreement.
Oddschecker spokesperson Callum Wilson:”Action on the deal or no deal market has been rising steadily ever since Boris Johnson obtained the keys No. 10.
“Today’s news has seen an important increase in stakes and bookmakers have responded accordingly, with the no-deal Brexit situation looking as likely as it ever has based on the chances. In case the suspension goes forward, expect to see that price swing into odds-on imminently.”
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