British Prime Minister Theresa May is preparing a Cabinet summit to discuss preparations for the possibility that the United Kingdom will leave the European Union without a deal defining their future relationship, Bloomberg reported Aug. 8, citing anonymous sources.

British Trade Secretary Liam Fox recently said that there is a 60 percent chance of a no-deal Brexit occurring, and May has written a letter to the Conservative Party saying that negotiations with the European Union are at an impasse.

More at: https://worldview.stratfor.com/situa...no-deal-brexit