FORMER Chancellor Lord Lamont has shut down claims that Britain will be unable to prepare for a no deal Brexit in time for Britain's exit from the European Union on March 29, 2019.
Lord Lamont said a no deal Brexit has been “over demonised” and insisted an exit from the European Union without a deal would not be as “catastrophic” as is claimed. Speaking to the BBC, the former Chancellor said: “Although I have never put forward no deal as my first option, I think it has been over demonised.
“I think, actually, with proper preparation, and we have still got some time until the end of March.
“I think we could prepare for it and I don’t think it would be as catastrophic as people have been saying.
“Actually, you are allowed a transition period under WTO rules so everything could remain the same for a while.”
The former Tory MP added: “I think the real difficulty is the Government has been saying it is this deal or implication chaos.
“They may have to turn around and find themselves saying ‘oh well we have prepared for this rather well and it won’t be so bad’ and I think that will be the reality.”