UK now closer to crashing out of the EU with no deal than ever before

Very quick here on Brexit.

British Prime Minister Theresa May has now submitted a formal request to the EU to extend the Article 50 time period to June 30th. The reason for the extension is that Britain has nearly run out of time, and it is clear her deal cannot get over the line. So, she needs more time.

The problem is that, in response to her request, E…