Theresa May's Deal Doomed Second Time, the Pound Sinks, No-Deal Brexit Odds Rise

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Atty. General Geoffrey Cox threw cold water on the notion that May secured legally binding changes. The deal is doomed.

Theresa May's deal is doomed a second time after the Attorney General stated gave his legal opinion that the UK could be trapped in the backstop indefinitely. "The legal risk remains unchanged," said Cox.

With that announcement, the British Pound gave up yesterday's gains on the news.

More importantly, DUP and ERG say they cannot support May as MPs debate deal according to Politics Live on the Guardian.

23 MPs are willing to switch there votes following the revised statement May received from Jean-Claude Juncker yesterday. But that is nowhere near enough.

Even if all the undeclared decided to vote for the deal, it would still lose by a 345-292 count.

Estimates were that May needed to get this under 50 to have a shot at winning a third vote.

Remainers are likely pleased. But the bottom line is the odds of a no-deal Brexit just rose significantly.

Mike "Mish" Shedlock

Comments (9)
No. 1-6
KidHorn
KidHorn

I'm sick if reading about this. Either Brexit or tell the voters to piss off and don't. Stop this can kicking crap.

Latkes
Latkes

The deal was rejected and the next vote is about "declining" a no-deal brexit.

I think the UK is working with other countries on making agreements with the assumption that no-deal Brexit will happen. So, on 29th March, UK is out. I am an optimist.

Jojo
Jojo

If they can't include Ireland in the break-away deal then they have to furgetaboutit!

Mish
Mish

Editor

Odds of Britain applying to re-join EU are 5/6?

Seems ridiculous: Betting odds are not real odds