Britain could tumble out of the European Union by accident or be forced out without a deal by EU leaders impatient with the country’s chaotic effort to leave the bloc, Edwin Morgan, interim director general of the Institute of Directors, said in an interview.
“We do have the risk of no deal happening by accident and businesses still being unprepared,” said Morgan, whose organization has about 30,000 members, comprising company directors and executives. “There’s a bit of a feeling of complacency.” [...]
May could be replaced by a Conservative leader who supports a no-deal divorce, or French President Emmanuel Macron might block a further Brexit delay, Morgan said. The U.K. could also drop out of the EU in the aftermath of a general election or second referendum, he said.
The current Parliament has made clear it won’t support a no-deal, voting against the prospect at least twice this year.
“It’s a higher possibility than Parliament is currently saying,” Morgan said. [...]
But there’s a risk U.K. companies could be less willing to prepare for a no-deal in October because they feel they wasted money on preparations earlier in the year, Morgan said.
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