Lawmakers in British Prime Minister Theresa May's Conservative party believe they can stop Britain leaving the European Union without a deal if such a situation should arise, news media reported on Tuesday. The economic impact of a 'cliff-edge' Brexit, alongside the failure of the Conservatives to win a majority in the general election, should lead to a rethink of the position that 'no deal is better than a bad deal', Sky News reported, citing at least 30 Conservative lawmakers. Sky quoted a former minister saying 'no deal is now dead', and anticipating a transition phase of five to 10 years inside the European Economic Area. May is eight seats short of a majority in Britain's parliament amid increasingly evident cracks in her own party just as crucial Brexit negotiations get under way.
