After Theresa May's Brexit withdrawal agreement registered the greatest parliamentary defeat of any government in over a century, the business community has demanded answers at a time of grave uncertainty.

The opposition has tabled a vote of no confidence in the government, the prime minister is unlikely to re-paint her red lines, yet the clock will not stop ticking.

A retraction of Article 50 may be the only way the country can avoid the so-called "cliff edge" Brexit, unless a second referendum receives backing. However, neither route is generating much enthusiasm from the top of the UK's major political parties. Should MPs fail to agree a consensus on an outcome, leaving the European Union without a deal becomes the default position on 29 March 2019.

David Webster appears in Real Business explaining why SMEs could be unprepared for a worst-case scenario. David states "many companies, particularly those not at the sharp end in terms of genuine exposure to the export sector, will have been putting off planning for a 'no deal' exit.

For many, this will reflect the general feeling that it was unlikely, but also the fact that most SMEs simply do not have the luxury of being able to spend significant time, energy and cost on planning for what seemed like a very contingent risk."

Brexit chaos disturbs business community as no deal looms is available to read on the Real Business website.

David is a partner in the corporate and commercial team and advises clients across a range of sectors, including real estate, financial services, professional services and family businesses.