Britain warns EU: we face 'Brexit no-deal by accident' unless you change course
Updated : July 23, 2018 11:46 PM IST
With just over eight months left until Britain is due to leave the EU, there is little clarity about how trade will flow as Prime Minister Theresa May, who is grappling with a rebellion in her party, is still trying to strike a deal with the bloc.
EU chief Brexit negotiator Michel Barnier said last week that May's new Brexit proposals contained constructive elements, though he added that many questions remain.
About 52 percent of Britain's total $1.1 trillion trade in goods last year was with the EU and some investors have said such a chaotic scenario would seriously damage both the economies of Britain and the EU over the short term.
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