In Brexit Talks, the Risk of No Deal Looms Large



The prospect of a “no-deal” Brexit is once again exciting British politicians. Prime Minister Theresa May threw a bone to her party’s Brexit supporters this week by promising that, while the U.K. was hoping for successful negotiations with the European Union over leaving the bloc, it was preparing the ground in case talks failed.

Two reasons are usually given for preparing for a no-deal scenario. The first is prudence: Given the possibility that the two sides won’t reach an agreement, it is the cautious thing to do.



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