I no longer trust anything May says but surely in this case exiting without a deal is the default position. The Article 50 notice was given in March 2017 so if the deal is voted down by Parliament the UK would exit the EU next March without one - in the absence of anything else happening.
In reality I expect firstly, the Government to try again. If that fails some people think the Government would try to join the EEA. Others hope they would go back to Brussels and request a delay to Article 50. It is far from certain that the EU would agree to this but I guess they might if there was a second referendum.







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