William Hill has revealed that it has taken bets on Britain not leaving the EU before 2020.
At present, the bookmaker is offering odds of 2/1 on Britain not fulfilling its BREXIT mandate by 2020, with William Hill further offering 4/6 odds that the UK departure will come in 2019 and 4/1 by 2018.
Publishing its market, company spokesman Graham Sharpe said “William Hill Political punters are betting that the realisation of Brexit will happen later rather than sooner”
William Hill announces its market as Theresa May becomes the UK’s new Prime Minister. In her first leadership address May stated that ‘Brexit means Brexit’, thus the Conservative Party would honour the will of the British public.
A whirlwind month in British politics, which has seen multiple leadership disputes in both the Conservative and Labour parties, the UK still has no initial plan for leaving the EU.
Speaking to the UK media, Conservative Party insiders have detailed that May and her advisors will seek to trigger Article 50 by the end of 2016. Once activated the UK will be given a two-year grace period to negotiate its departure from the European Union.
Numerous Pro-Leave Conservative Party MPs have stated that the UK would officially look to leave the EU by December 2019.
Political and legal commentators have questioned whether Westminster has the resources to carry out an effective UK departure from the European Union, which will satisfy all stakeholders (Leave and Remain camps, business, migrants, legal courts etc…).