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Is Britain headed for no-deal Brexit? A crazy idea that just might happen

Now some EU officials are said to put the odds of a no-deal exit at 50-50

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An anti-Brexit protester demonstrates opposite the Houses of Parliament in London, Britain, January (Photo: Reuters)

Therese Raphael I Bloomberg
The prospect that the UK would leave the European Union without a deal setting out the terms of the withdrawal once seemed laughably remote. When it was mentioned at all, it was mainly as a negotiating tactic aimed at securing favorable trade and tariff agreements between the UK and the EU.


Even when Prime Minister Theresa May uttered the mantra “No deal is better than a bad deal,” few took it seriously. It was impossible to imagine the bad deal that was worse than a pileup of shipping containers at the border, grounded planes, hellish passport lines, medicine shortages, rising debt