Brexit: both Tory sides play down risk of no-deal after business alarm

Supporters of Jeremy Hunt and Boris Johnson say they believe no-deal Brexit is unlikely

• Brexit and Tory leadership latest

Supporters of the two Conservative leadership candidates have sought to play down the chances of a no-deal Brexit, after business groups reiterated their warnings about the economic damage this could wreak.

Liam Fox, a supporter of Jeremy Hunt - who said on Sunday he would be willing to tell businesses that went bust because of no deal that it was a necessary sacrifice - said a new EU commission should be willing to make a deal.