Brexit Now Looking Like It Will Probably Fail

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.


Peter Eavis says that Brexit is likely to lose and Britain will remain part of the EU:

Asking people to predict a result of an election has, over time, provided more accurate forecasts than asking people their voting intentions, according to a study by Justin Wolfers, a University of Michigan economist and an Upshot contributor, and David Rothschild, of the Microsoft Research and Statistics Center.

When Survation asked, “Regardless of how you plan to vote, what do you think the result will be?” just shy of 40 percent of people said the “remain” camp would win. Only 26 percent said that “leave” would prevail.

The betting markets agree:

The betting odds for the EU referendum changed direction over the weekend and now firmly favour a Remain vote with just three days to go….Ladbrokes has given just a 27% chance of a Vote Leave while William Hill has it as 28.5%. Ladbrokes added that 95% of betting on was a Remain vote on Monday.

My sense—though I’d prefer actual data if anyone has collected it—is that secession votes usually follow a pattern: the leavers get an upward bump a few weeks before voting day, but stayers get a bump in the few days before voting day. A fair number of people flirt with the idea of leaving, but then get scared at the last minute and decide to vote for the status quo instead. Basically, in any secession referendum, I figure that Leave needs to be polling at 55 percent or higher to have a realistic chance of winning.

As of today, the polls are still tied, so my guess is that Brexit will fail on Thursday. If I’m right that about 5 percent of the leavers will get cold feet and change their minds, the final tally will be something like 53-47 percent in favor of remaining in the EU. We’ll find out in a couple of days.

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate