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Chances rise of an “orderly” no deal

News that Theresa May could soon face a leadership challenge is the latest twist in the Brexit saga, but even if she survives, the key point is that the chances of her deal being passed by parliament are not looking good. There is therefore still a good chance (we’d say 50/50) of the UK leaving the EU without a deal, but the impact of this on the economy would depend on how “orderly” a no deal it was.

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