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No Deal Brexit is looking more likely, but still only 20% implied probability. To me it seems more likely than that, there seems to be a surprise every day. How could such an important letter arrive 'too late'? Is this sort of brinkmanship normal for European politics?

That’s according to political betting traders at bookmaking giants Paddy Power, who have shortened their odds on a no deal Brexit from 5/1 to 4/1 – an implied probability of 20% – on the back of a statement delivered by Tusk on Wednesday.
Tusk ruled that MPs must pass Theresa May’s Brexit deal next week for the UK to receive the short extension she requested from the EU on Wednesday in a letter which arrived 'too late' for leaders to make a decision on at Thursday’s summit in Brussels.
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