Paddy Power – Brexit Chaos could see May out in the cold this March

Prime Minister Theresa May, faces threats from all sides, as she tries to negotiate the UK’s breakaway from the European Union.

This week’s release of the first draft of the EU’s Brexit agreement with the UK was supposed to mark a breakthrough for PM May’s negotiating team. Instead it appears that May is on a collision course with Brussels, as the EU chooses to ignore a number of key demands made by May.

EU chief negotiator Michel Barnier has further warned May that there is no guarantee on any transition deal, should the UK choose not to adhere to European Court rulings on trade and commerce.

At home, rumours continue to circulate of a rebel Tory MP faction threatening to remove May from 10 Downing Street, while support from the DUP is under threat over suggestions of a hard Irish border.

This constant Brexit chaos has seen Paddy Power Politics move to cut the odds of a 2018 UK General Election to 2/1 from 3/1.

Updating its UK political markets, Paddy Power now makes it more likely that May will be removed as  Tory leader within the next month (3/1 from 4/1), and furthermore that the DUP will rescind its support for the Conservative government (5/2).

The Irish bookmaker now places staunch Brexiteer Jacob Rees-Mogg as the favourite to succeed May (4/1), ahead of Jeremy Corbyn (11/2) and Boris Johnson (8/1).

Paddy Powers final political update, sees a second EU Referendum taking place in the UK this year at 5/1 from 7/1. Commenting on UK politics, Spokesman Paddy Power said: “Theresa May’s time as PM has been a constant case of one step forward followed by several steps backwards – and that’s just her political viewpoints.

“The pressure is ramping up on May, and the odds are shortening that she’ll be ousted, prompting another General Election and – likely – another Brexit Referendum.

“Jacob Rees-Mogg is the favourite to succeed her, despite appearing to have no soul.”