U.K. Is Having a 'Political Nervous Breakdown,' Citi's Fordham Says

The video discusses the overwhelming focus on Brexit in UK politics, questioning whether the situation constitutes a constitutional crisis. It highlights the complexity of Brexit, its potential impact on the EU, and the political uncertainty it creates. The discussion also covers the likelihood of the UK remaining in the EU beyond October 31st, the role of Labour in pushing for elections, and the challenges faced by Boris Johnson. The video concludes with predictions about Brexit's future and its implications for the UK and EU.

How does the text characterize the political situation in the UK regarding Brexit?

What does the text suggest about the likelihood of the UK leaving the EU on November 1st?