There is an increasing likelihood that the European Union and the UK will not come to an agreement in the upcoming rounds of negotiations which has increased the chances of a ‘no deal’ scenario
A government insider told The Sun: “Since the election, the system has fallen into inertia. No proper leadership means departments have stopped preparing for no deal, and they are using our lack of a majority as an excuse.”
He rated the chances of a no deal scenario of being 50%. Another Cabinet Minister put the chances of the UK walking away without a deal as 40%.
“It’s straightforward – Hammond simply has to show them the colour of our money in the Budget so they know we’re for real,” the Minister added.
The government are currently making contingency plans in the event that the UK will not get an agreement with the European Union.
This was confirmed by the Secretary fo International Trade, Dr Liam Fox.
Another cabinet minister who campaigned to remain in the EU has said there is now a 40% chance of a ‘no deal’.
Do you think a ‘no deal’ event will happen?
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