Could the UK leave the European Union in March next year without a deal? For all the talk of ‘no deal being better than a bad deal’, the suggestion seems absurd. No deal would be a disaster for both sides in the negotiations. Britain would crash out of the EU without a transition period, plunging the whole continent into recession. Surely no rational government would go there? Surely sensible people will agree, in the end, to do sensible things, and there will be some great, last minute Euro-compromise?
Well, maybe. But governments do not always behave rationally. Read more