A 'no-deal' Brexit might look like this
LONDON — It’s the Brexit scenario that almost everyone dreads: Britain crashing out of the European Union with no divorce agreement and no arrangement for future trade. And at the moment, that's the default option for what will happen on March 29. By sending notification that it was leaving the E.U., the U.K. started a stopwatch of sorts giving it two years to come to an agreement. On Monday, Prime Minister Theresa May announced that a vote by lawmakers on the withdrawal agreement she negotiated with the E.U. would take place in mid-January. An earlier vote was postponed at the 11th hour because May's plan didn't have enough support. May subsequently survived an attempt by her own party's lawmakers to oust her. With politicians still squabbling about both what the future relationship with the E.U. should look like and how the U.K. should leave the 28-member bloc, a "no-deal" Brexit is a very real possibility. The vast majority of lawm...