Barry Ritholtz, Columnist

Brexit Failure Looks More Likely Every Day

Too many things are lining up against the U.K. leaving the EU.

A little self-immolation, anyone?

Photographer: Photographer: Niklas Hallen/AFP/Getty Images

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Today, I will violate one of my favorite principles, and hereby make this prediction: No Brexit! In other words, the U.K. will not exit the European Union. By 2023, we will look back at the entire ridiculous affair as if it were a rediscovered lost episode of “Fawlty Towers.”

Soon after the referendum in which Brits unwisely voted to leave the EU, I suggested there was a 33 percent chance that Brexit wouldn’t occur. Now, I raise that to 75 percent, and with each passing day of incompetence shown by Prime Minister Theresa May’s administration, the probabilities move higher.