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Sky News has been told the MPs informed whips that the economic impact of a "cliff-edge" Brexit, alongside the failure of the Conservatives to win a majority for its manifesto, should lead to a rethink of the position that "no deal is better than a bad deal". [...]
One former minister told Sky News that "no deal is now dead", and anticipated a transition phase of five to 10 years inside the European Economic Area. [...]
Some ERG MPs have indicated that they would be willing to support an immediate leadership challenge should the PM "soften" her approach to Brexit.
Longstanding Brexiteer MPs such as Sir Bill Cash believe that it is impossible to delay or reverse the Article 50 process now that it has been triggered, and that Britain will leave the EU on March 2019, with or without a deal.
But there are easily enough Conservative MPs who want the Prime Minister to rule out a "No Deal" for a cross-party majority in the House of Commons.