As Parliament is due to be given another chance to vote for a general election on Monday, making it the second opportunity this week, Paddy Power has made it odds-on that MPs will choose to vote against an early election.
Boris Johnson has faced a difficult week in Westminster, having faced a party rebellion, a number of resignations and a resounding defeat of his uncompromising Brexit policy.
Paddy Power has now predicted that the odds of Britain leaving the European Union without a deal has increased from evens at the start of the week, now priced at 3/1 today.
Spokesperson for Paddy Power commented: “If at first you don’t succeed, try again and hope for the best must be Boris Johnson’s motto, as it is revealed MPs will get another chance to vote on an early election on Monday.
“But the odds suggest he is in for another defeat as Labour push back on a no-deal Brexit, with a vote in November now much more likely than earlier this week.”
Odds of a general election taking place in November have fallen from 5/2 to 6/4, as Labour push to prevent a no-deal Brexit in October, while the odds of a Jeremy Corbyn government succeeding Boris Johnson have shortened to 2/1.
Jo Johnson departing from the cabinet has appeared to be a major blow to Johnson’s strategy, which showed during yesterday’s speech which was intended to be the start of BoJo’s general election campaign.
Paddy Power has pitted Johnson to become the shortest-serving PM ever, now priced at 7/5. Meanwhile the chance of a general election taking place next month is now rated 10/11, while it’s 6/4 to take place in November, 10/1 to take place in December or 8/1 to be 2020 or later.
Whether Boris manages to recuperate any remnants of support from the party to push for an early general election is yet to be seen, but bookmakers will have their work cut out pricing such a turbulent market.