The U.K. will leave the European Union without a deal if British lawmakers don't back Prime Minister Theresa May's Withdrawal Agreement.
The U.K. could go into a recession if the country ends up leaving the European Union without a deal, Blackstone Chief Executive Steve Schwarzman warned on Saturday.
EU leaders have warned the U.K. that it has one last opportunity to leave the bloc in an orderly way. The EU offered to delay U.K.'s departure until May 22 if British lawmakers support May's deal. If they once again reject the agreement, Britain will leave the EU on April 12 without a deal.
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