[U] Analysis: If When Today's Brexit Vote In The UK Fails... It Is Increasingly Likely There Will Be No... Brexit. Ever.

UPDATED @ 3:30 EDT: The May proposal went down to defeat -- and as we said below, many are calling for a new referendum. One that (I predict) is going to come out. . . "stay". . . in the EU. End, updated portion.

Many outlets are reporting the overnight news, out of the Irish solicitor's opinion, and the retreat of some lawmakers -- from supporting the latest version of the assurances Ms. May won, in Brussels, over the past weekend.

Personally, I think if the current version goes down to defeat in a few hours, the likelihood that Britain simply remains in the EU. . . increases. . . significantly. I'd also note for the record, that Mr. Frazier, and Merck, look wise now -- for not initially over-reacting to the breathless original reports -- and will likely do the same, in response to these latest reports:

. . . .As Mr. Cox’s opinion reverberated through British politics, Mrs. May suffered another damaging loss when legal analysts for the influential European Research Group, a cohort of Conservative, pro-Brexit lawmakers, said they would “not recommend accepting the government’s motion today.”

The 10 lawmakers from Northern Ireland’s Democratic Unionist Party, whose support allowed Mrs. May to form a government, also announced their opposition to her plan.

That made the defeat of Mrs. May’s plan all but certain, analysts said, with the only remaining question being its severity. . . .

Will there now be a second referendum vote, one in which UK citizens vote “stay”? We shall see -- but once again, many of the "journalists" are calling for the sky to fall, in London. . . and just as transpired in June of a few years ago. . . I predict (again!) that it. . . won't. [It is unfortunate that London has likely forever lost the HQ of the EU version of the FDA. That (and a few corporate HQ losses, for London) is about the extent of the damage here, should Brexit now not occur.]

Onward -- bright and warming, here.

नमस्ते