Cabinet ministers have drawn up a No Deal Brexit ‘Plan B’ in case Theresa May’s deal has been voted down to save £20bn

CABINET Ministers have drawn up a secret No Deal “Plan B” in case Parliament votes down Theresa May’s deal, The Sun can reveal.

The Prime Minister has been confronted with a plan that would see the UK leave with No Deal in March next year but pay £18billion to delay the pain by two years.

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The alternative brainchild of Cabinet Brexiteers would see the UK continue to pay the same amount as membership fees up until 2021 and follow EU rules to avoid a cliff edge exit.

But crucially it would mean the UK would be able to negotiate with Brussels as a “third country” for two years, which they believe would make hammering out a new Free Trade agreement easier.

And they say it would avoid the UK having to pay the full £38billion divorce bill, plunging borders in chaos or being tied to Brussels forever.

Mrs May is understood to have told the Brexiteer ministers that their plan “was not needed yet” but it was greeted with a “surprisingly warm response” from Chancellor Philip Hammond.

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A Cabinet source said: “No Deal is looking more and more likely every day, so this is No Deal but a managed No Deal.”