No Brexit Deal Is Not Most Likely Outcome, Says Davies

The transcript discusses the potential softness of leaders compared to the Commission, highlighting Theresa May's efforts and constraints within her party. It anticipates the next summit's response and the need for national government engagement to build momentum. The possibility of the UK crashing out without a deal is considered non-trivial, with the Treasury preparing for such an outcome, though a final deal is still seen as more likely.

How does the speaker view the chances of the UK crashing out of negotiations?

What does the speaker suggest about the political game in London regarding funding for no deal preparation?