Britain's withdrawal from the European Union will not constitute the 'end of days' for the world's fifth-largest economy, one analyst told CNBC on Friday.
Britain's withdrawal from the European Union will not constitute the "end of days" for the world's fifth-largest economy, one analyst told CNBC Friday, amid intensifying fears of an abrupt "no-deal" exit in less than 100 days' time.
A so-called no-deal Brexit is seen by many inside and outside of parliament as a "cliff-edge" scenario to be avoided at all costs. Leaving without a deal in place would mean an abrupt departure from the EU with no transition period allowing businesses to adjust to life outside the bloc. He explained this was especially important to bear in mind because the Conservative leadership contest had been decided by "a minuscule subset of the electorate."
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