The European Union warned on Tuesday that Britain could be heading for a potenti...
The cacophony of warnings over an economically disruptive Brexit without a transition deal has ratcheted up the pressure on British lawmakers as some try to legislate to prevent a no-deal.
The third defeat of May’s deal in parliament on March 29 even after pledged to quit if it was passed has left the weakest British leader in a generation facing a spiraling crisis. A group of lawmakers said on Tuesday they would try to pass legislation which would force May to seek a delay to Brexit and thus prevent a no-deal crash-out on April 12.
“I hope that we can still find a solution. The British parliament has said itself that it doesn’t want a disorderly Brexit,” German Chancellor Angela Merkel said. Sterling fell toward $1.30. The EU said a no-deal would disrupt financial markets and have an impact on liquidity.
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