British Trade Secretary Liam Fox told CNBC Friday that a no-deal Brexit still remains a possibility, adding the consequences of such a disorderly divorce from the EU would be “unfortunate.”
His comments come at a time when British Prime Minister Theresa May is fighting for her political survival, after a draft divorce deal with the EU prompted a flurry of government ministers to resign.
“Throughout the process the government has said it’s only prudent for us to prepare for no deal. We don’t believe that that’s either in the U.K.’s interest or the interest of the European Union,” Fox said on Friday.
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