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Theresa May under fire over Brexit new deal failure ahead of EU elections

The British Prime Minister is under increasing pressure to announce her departure from Downing Street after her fourth attempt of getting her Brexit deal passed has failed as EU elections get underway.

Theresa May Source: Bloomberg

UK lawmakers are calling on the British Prime Minister Theresa May to set a date for her resignation after her new Brexit deal failed in parliament on Wednesday.

May’s latest failure to get her deal approved by British MPs comes ahead of EU elections, with UK citizens votes on Thursday expected to highlight how deeply divided the country remains over Brexit.

How will the Brexit deadlock be broken?

With the prime minister’s fourth attempt to break the deadlock deemed dead on arrival, British MPs are left to ponder an array of alternative options that includes holding a general election, a second Brexit referendum or bailing out of the bloc without a deal.

In the three years since the UK voted to leave the EU 52% to 48%, the country is no closer to leaving, with it still unclear how, when or even if Britain will leave the bloc ahead of the October 31 deadline.

Boris Johnson bookmakers’ favourite to succeed May

As the calls for May to step down grow louder, people have begun to place their bets on who will take her place, with bookmakers’ clear favourite being MP Boris Johnson.

Johnson was a prominent figure for the leave campaign in the build up to the Brexit referendum back in June 2016.

In a recent report, US-based investment bank JP Morgan raised its probability of the UK leaving the EU without a deal from 15% to 25% this week.

The bank also believes Johnson will be appointed prime minister, closely followed by a general election and a further delay to Brexit beyond the October 31 deadline.

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