A no-deal Brexit is unlikely, says UKIBC chairman Mervyn Davies

The Brexit vote had as much to do with dissatisfaction with the status quo as it was about anything else

While a scenario where the UK exits the European Union without a deal will be ‘catastrophic’, such a situation is unlikely, Mervyn Davies, chairman of the board of the UK India Business Council (UKIBC), told Arup Roychoudhury and Indivjal Dhasmana in an interaction. Davies, who is a former chairman of Standard Chartered PLC, and a former trade minister, also said that irrespective of the shape Brexit takes, ties between India and the UK will continue to grow. Edited excerpts:

What are your views on what will happen in the coming few weeks, regarding the March 31 Brexit deadline?

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