May poses Brexit deal or no deal conundrum

Charles Grant, director of the Centre for European Reform, said leaving Europe without a deal would leave British business and the City in a state of regulatory and legal limbo, with the immediate introduction of tariffs and customs controls.“I think it’s more likely than not there will be a deal,” he said. “I think the chaos in the financial markets would be extreme if it looked like there was not going to be a deal. It doesn’t bear thinking about.”