Friday 01 July 2016 4:12 pm

These are the things that are likely to happen before Brexit

By: Caitlin Morrison

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There has been much speculation over when the formal Brexit process will start, with no clear deadline set.

Now bookmaker Betway has issued a list of things that are likely to take place before Article 50 is triggered, which will kick off the UK's official withdrawal from the EU.

The betting firm has odds of 1/14 on the Tories confirming a new leader before Brexit, and 1/10 odds on the long-awaited launch of the Night Tube happening ahead of the EU breakup.

Also on Betway's list are Jeremy Corbyn stepping down as Labour leader (1/5) and the FA to be successful in their search for a new England manager (1/4).

And Prince Harry will be please (or concerned) to note that the odds of him getting engaged before Brexit are 11/8.

Meanwhile, it's evens on a decision being made regarding London's airport expansion ahead of an EU exit.

Read more: Article 50 explained

“Parts of the UK are still in shock from last Thursday’s referendum but it could be a long, long time until the UK actually starts the process of officially withdrawing from the European Union," said Betway's Alan Alger.

“Transport for London are set to launch their 24-hour tube service on 19 August and we are as sure as 1/10 that Article 50 isn’t triggered before then.

“We think it may be years and not months until Brexit gets underway. Love could be waiting around the corner for Prince Harry and we’re offering 11/8 that he gets engaged before the UK initiates the Brexit process.”

Betway's Brexit predictions

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Earlier today, EU trade commissioner Cecilia Malmstrom said the UK may not be able to start negotiating new trade deals until it triggers Article 50. David Cameron has left the decision to invoke Article 50 in the hands of his successor, who will be in place on 9 September.