Consequences if no Brexit deal, EU warns

Brussels: The European Union's chief negotiator for the upcoming negotiations with Britain on leaving the bloc has warned that there will be “serious consequences for everyone” if the two sides fail to clinch a deal within the two years of talks. EU negotiator Michel Barnier said on Wednesday there could be “total uncertainty” for the United Kingdom but told an EU audience that he will be negotiating in good faith to make sure that a mutually acceptable agreement is reached. He said “this scenario of ‘no deal’ is not ours”. Britain is slated to trigger the two-year period of negotiations on March 29. ap