Tuesday evening’s defeat—again—for Theresa May’s Brexit deal leaves the terms of Britain’s departure from the European Union on March 29 as uncertain as any time since the June 2016 referendum. The possibility coming into focus is that a no-deal Brexit, despite the considerable economic disruption, might be the least-bad outcome left. The Prime Minister’s deal was intended to cover the terms of Britain’s separation from the EU, with negotiations for the future trading relationship to come later. Britain would have fulfilled...

Source: Wall Street Journal March 12, 2019 22:52 UTC