UK Brexit Minister Stephen Barclay warned today that no-deal Brexit is underpriced. He also told EU chief Brexit negotiator Michel Barnier that the current withdrawal agreement would not be approved by the UK parliament without any change.
Barclay said “I think a no deal is underpriced. It is still this government’s intention and both leadership candidates’ intention to seek a deal and I think it is the will of many members of parliament for there to be a deal”. However, “the question then will be is there a deal that is palatable to parliament and if not will parliament vote to revoke or will we leave with no deal?”
Regarding his conversation with Barnier, Barclay clarified “What I said was the House had rejected it three times … that the European election results in my view had further hardened attitudes across the House and that the text unchanged, I did not envisage going through the House.”
