The chancellor, Philip Hammond, refuses to say whether he would quit in the event of a no-deal as two senior MPs warn they would leave the party

The Scottish secretary, David Mundell, has been giving a speech on Brexit. Taking questions, he refused to deny that he has urged Theresa May to extend article 50. He would also not be pressed on whether he would leave the Cabinet in the event of a no-deal Brexit.

@DavidMundellDCT refuses to deny he is one of 4 Cabinet ministers who has urged May to extend #Article50 – “I don’t comment on private conversations (but) we must do all we can to avoid a no deal Brexit”

Boothman asks @DavidMundellDCT what would make him quit: “I will do everything I can and whatever I deem necessary to prevent a no deal Brexit (but) I’m not setting out strict parameters on what that might or might not be”

It has the potential to generate a major dislocation to the Scottish economy. This would occur through a number of channels – disruptions to logistics, supply, trade, investment, migration and market confidence. Whilst the scale of the shock is uncertain, it has the potential to push the Scottish economy into recession, with a corresponding increase in unemployment. If prolonged, the shock could lead to significant structural change in the economy.

Any shock is likely to have disproportionate sectoral, as well as, regional impacts. Sectors with high levels of exports to the EU, who are reliant on EU workers and free movement of labour, are part of integrated EU supply chains and/or are subject to EU regulatory and licencing requirements are likely to see the greatest impact. Other sectors would be exposed in the event of a wider economic slowdown.

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The European commission president, Jean-Claude Juncker, has said he is “not very optimistic” that a no-deal Brexit can be avoided and warned of the negative consequences that it would bring.

Juncker, who held talks with Theresa May on Wednesday in Brussels, said he had “Brexit fatigue” and regarded the issue as a “disaster”.

Brexit is deconstruction, it is not construction. Brexit is the past, it is not the future.

We are trying to deliver our best efforts in order to have this Brexit being organised in a proper, civilised, well-thought-out way. But we are not there, because in the British parliament there is, every time they are voting, a majority against something, there is never a majority in favour of something.

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Read More Brexit: Hammond warns of no-deal damage as more Tories consider exit – politics live

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