Ministers 'driving towards cliff-edge blindfolded' over EU no-deal scenario

UK Ministers have been accused of "driving towards a cliff-edge with a blindfold on", after Brexit Secretary David Davis admitted they have made no assessment of the economic implications of failure to secure a deal with the rest of the EU.

Prime Minister Theresa May has declared her readiness to walk away from Brexit negotiations without agreement, insisting that "no deal is better than a bad deal". And Foreign Secretary Boris Johnson said in a TV interview at the weekend it would be "perfectly OK" to crash out of the EU on World Trade Organisation terms.