No-deal Brexit a 'real possibility', lawmakers warn May

London

UK Prime Minister Theresa May must plan for the "real possibility" that she emerges from two years of "Brexit" negotiations without a deal, according to a panel of lawmakers.

Mrs May has warned that she is prepared to take Britain out of the European Union with no agreement rather than accept a bad one. That could happen, and it would be a "dereliction of duty" not to plan for the consequences, the House of Commons Foreign Affairs Committee said in a report on Sunday.

"The possibility of no deal is real enough to require the government to plan how to deal with it," said Crispin Blunt, chairman of the cross-party panel. "But there is no evidence to indicate that this is receiving the consideration it deserves or that serious contingency …