Brexit talks head for late showdown

Bloomberg

Theresa May and the European Union are heading for a high-stakes, last-minute gamble that will decide whether the UK leaves the bloc with or without a deal, people familiar with both sides said.
On March 21 — just a week before Britain is due to exit the EU — the prime minister will have the chance to win a late concession from European leaders at a summit in Brussels, the people said. The bloc is unlikely to offer sweeteners much sooner in case the UK side asks for even more, according to one of the individuals, who asked not to be named.
As the deadline looms, May would then put her revised deal to Parliament in London to approve, forcing politicians to choose between an orderly divorce and a potentially chaotic no-deal Brexit that could hit the pound by as much as 25 percent. While some ministers in May’s government believe the threat of an economic disaster will force her opponents to back her plan, other government officials believe such a strategy is too risky and must be stopped.
Keith Simpson, a usually loyal Conservative, said May is using dangerous delaying tactics, warning that he would not accept a no-deal Brexit. “Her scheme is to run the clock down so people are more likely to accept her deal,” Simpson said. “It’s a high-wire act and— gulp — might lead to a no-deal.”
The UK is on course to plunge out of the EU with no new trade agreement in place on March 29.