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In terms of influence on major policy developments Corbyn today is surely the most powerful opposition leader in decades

February 7th, 2019

It’s possible the UK could end up with a Labour Brexit

To me the biggest development of the day was the response by Donald Tusk to the Labour proposal for Brexit. The details envisage a softer brexit then Theresa May’s plan but because of the numbers in the Commons there’s a good chance that this is what could actually be agreed.

If so that will be remarkable and something and it’s almost without precedent. Labour could claim that this was their plan and seek to get the political kudos from it.

Because this appears to be a viable alternative then surely it is going to make the hardliners of Moggsy’s ERG more reluctant to go on opposing Theresa May. They are not going to get their hard brexit and the deal that the Prime Minister has on the table could be seen as the best that’s available in the circumstances.

The question for Labour, which has had to deal with huge demands within the party for a second referendum, is whether what’s in their proposal will be enough to satisfy the party’s largely remainer voters, party members and MPs.

My sense is that it is becoming more likely that the UK will leave on March 29th making the odds of 27% on Betfair good value.

Mike Smithson