Last year, in the month of May, Buckingham Palace announced that Prince Philip, 96, will no longer carry out public engagements from the autumn onwards.
The Duke’s decision was taken with the full consent and support of the Queen.
After the announcement, following an emergency meeting at the Palace, odds have been slashed on HRM abdicating.
So, what happens if she does?
We have taken a look, with help from The Urbancult:
Online bookmakers were offering odds of £9 on her majesty stepping down this year before the announcement.
But that price has gone down considerably and now is £3.
Prince Charles is £1 to take the throne next to Prince William a £2 chance – Prince Harry pays a whopping £20.
Spokesman Will Byrne said: “There have been a few eyebrows raised this year and certainly much bigger announcement from Buckingham Palace, therefore, we need to adjust the odds accordingly.”
Here’s what would happen if the Queen did abdicate the throne:
Queen Elizabeth II ascended to the throne in 1952. She proclaimed that she’ll dedicate her life to her future role as monarch on her 21st birthday, vowing to serve the Commonwealth.
“I declare before you all that my whole life, whether it be long or short, shall be devoted to your service and the service of our great imperial family to which we all belong.”
She is now Britain’s longest-reigning monarch and is quite popular among the people in the UK.
Also read: Queen urged by UK republicans to abdicate the throne.
However, if she decides to abdicate, the throne could be passed on to her eldest son, Prince Charles. In this case, he would become King and would be the oldest-ever UK monarch to be crowned.
But if he also decided to abdicate, the throne would be passed on to his eldest son, Prince William. He is currently second in line. The Duke of Cambridge’s three-year-old son, Prince George, is third in line to succeed his great-grandma, the Queen.