No-deal exit off the table? Brexit could be about to change course



Holly Ellyatt | CNBC

Brexit has stepped up a gear this week with British Prime Minister Theresa May reportedly ready to rule out a “no-deal” Brexit to stave off a mutiny by her government ministers.

On Tuesday, May held a meeting with her cabinet (the first to be held since the high profile departure of three pro-Remain ministers last week) after reports that she was “ready to rule out” a no-deal departure from the EU on March 29.

Following that meeting May made a statement to MPs and promised them the chance to vote on a no-deal Brexit or delaying the U.K.’s departure if they reject her Brexit deal next month. It means the U.K. will only leave the EU on March 29 without a deal if MPs vote for that option.

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