Following the lingering stalemate recorded in the Brexit negotiations, the U.K. government is preparing itself to leave the European Union without a deal if Brexit talks fail, Prime Minister Theresa May said on Wednesday.
The prime minister who has peddled the mantra “no deal is better than a bad deal,” has conferred with her team in a proactive effort to draft a contingency plan for the possibility failed talks, Bloomberg reports.
May on Wednesday told delegates at the Conservative Party’s annual conference in Manchester that, “It is profoundly in all our interests for the negotiations to succeed, but I know that some are worried whether we are prepared in the event that they do not. It is our responsibility as a government to prepare for every eventuality – and let me reassure everyone in this hall, that is exactly what we are doing.”
Britain which is ready to exit the EU with or without a deal in March 2019 has been deprived of trade negotiations by Brussels until it settles the terms of the divorce, including the size of the Brexit bill.
The ongoing negotiations on retrogressed on Tuesday with officials on the respective sides of the divide resorting to a blame game, criticising each other for the slow progress of talks in Brussels.
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