Reform deal strengthens remain vote in EU referendum
We now know when the referendum to decide whether the United Kingdom will remain in the European Union will take place, with David Cameron announcing a June 23rd vote.
The Prime Minister was speaking after an EU summit where he was able to broker a deal that would give special rights to the UK should the population choose to stay in the supranational institution.
These new powers addressed many of the problems those who want to leave the union had, such as migration, the pound and free movement across Europe, and make the 3/10 odds of Britain remaining look more favourable.
Indeed the group Conservatives for Reform in Europe were quick to voice their approval in an open letter they penned.
“We appreciate that very few British people approve of everything the EU does and that there is clearly a need for further and continuing reform.
“However, no one knows what BREXIT would look like and few would wish to risk our economic and national security without being certain of the alternative.
“We would be safer in a reformed Europe, for example, because we cooperate with our European neighbours on terrorism and crime.
“Many Eurosceptics shout the loudest and are determined to disparage whatever deal the Prime Minister achieves.
“We take a more pragmatic approach. For the first time since 1975, a British Prime Minister has returned from a summit with more powers than when they arrived.
“In a reformed Europe, the UK would get the best of both worlds,” it read.
MPs are now declaring which side they are on and the leave campaign look in trouble based on their marquee politician.
Michael Gove has pledged his allegiance to the exit campaign and, although it will be a blow to Cameron to lose a firm ally, his standing amongst the electorate will not work in their favour.
Gove is an unpopular figure, dating back to his time as Education Secretary, and his support will see undecided voters gravitate away.
Therefore, for punters looking to profit from the referendum, backing the stay vote to get 60-65 per cent of the vote at 5/1 would be a wise investment.
All Odds and Markets are correct as of the date of publishing.