London — A hard no-deal Brexit or a delay on Britain leaving the EU? The UK parliament's thumping defeat of Theresa May's Brexit deal increases the likelihood of both options. The House of Commons shot down the prime minister's long-suffering divorce deal with the other 27 EU nations on Tuesday by 391 votes to 242, and will vote on Thursday whether to ask for an extension to the March 29 exit deadline. No deal After rejecting May's deal, British MPs voted on Wednesday not to simply leave the EU without a formal agreement — the “no-deal Brexit” — although it still remains the default option. May had promised a vote to rule out this perilous option — for the time being —if her deal failed to pass through parliament. MPs went even further, backing an amendment that ruled out a no-deal in any scenario. They fear the prospect of trade routes clogging up, the UK pound crashing and the implications for the Irish border in the event of no deal. The parliamentary vote is only advisory as the...

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