The UK Trade Minister Liam Fox is on the wires now, via Reuters, noting that the default policy would be for the UK to leave with no-deal on March, 29th.
He went on to say that the no-deal Brexit cannot be considered as a National suicide and added that he thinks a no-deal Brexit outcome would damage the economy but is still survivable.
No Brexit at all would lead to rise in populism seen across Europe, Fox said.