The British government was thrown into total chaos Monday morning following the abrupt resignation of two top-level officials to the Prime Minister, with Theresa May warning Parliament to prepare for a “no deal” Brexit from the European Union.
May’s warning came just hours after her top negotiator in Brexit talks abruptly stepped-down, prompting Foreign Minister Boris Johnson to quit the Cabinet moments later.
“May’s critics seized on the dual departures to chastise May’s handling of Brexit, and to suggest that her government is ill-suited to facilitate the complex disentanglement of two of the world’s major economies,” writes CNBC.
The Prime Minister spoke with Members of Parliament following the resignations, saying they should prepare for “multiple outcomes” in future talks with the EU, including a “no deal” Brexit.
The “no deal” option means the UK and EU may fail to reach a formal agreement when Britain is automatically removed from the union this March; prompting market chaos and severe uncertainty over immigration, trade, travel, and finances.
Read the full report at CNBC.