Not very likely. If the country does leave the EU without a deal, this would roil financial markets in Europe and even around the world, while the UK would also subside into extreme disorder from its border to its ports, outcomes that thoughtful British parliamentarians would certainly not want to see.

The bargaining between the UK government, the EU and UK parliament is a textbook double game in the course of Brexit negotiations, interspersed with the recurring hostage-taking between the British government and parliament, but all parties will still seek win-win cooperation through compromise in the end.

For a rational take, [global analytics firm] Oxford Economics projects the risk of a no-deal Brexit in March 2019 at only 20 percent, while a gut response is that Britain's Conservatives fear a disorderly Labor takeover more than Theresa May's forced resignation as prime minister.