Is no deal Brexit possible?
The prospect of a ‘no deal’ Brexit has loomed ever larger since Parliament voted down Theresa May’s Brexit deal with the Government suffering a huge defeat by a margin of 230, with 202 MPs voting for the PM’s deal and 432 against.
The European Union is adamant that there is no such thing as a “managed” no deal – fearful that making a no deal look too comfortable risks turning it into a self-fulfilling prophecy.
Michel Barnier, the EU chief negotiator, has insisted there will be no "mini-deals". If the divorce deal falls then “it is over and each side will take its own unilateral contingency measures,” he told MPs in September.
To ram home the point the EU published…