Britain to set out advice on how to prepare for 'no deal' Brexit

London, August 23: Britain will today publish a series of notes advising people and businesses how to protect themselves from the potential disruption of a ‘no deal’ break with the European Union.

 

With less than eight months to go until March 29 when it leaves the bloc, Britain has yet to reach a divorce agreement with the EU. Negotiations resumed on Tuesday but diplomats in Brussels expect an informal deadline of October to be missed.

Around 80 technical notices are expected over the coming weeks covering everything from financial services to food labeling.

“Whilst we are setting out these technical notices today to deal with the unlikely eventuality of a no deal I am still confident that a good deal is within our sights,” Brexit Minister Dominic Raab told BBC radio.

“We are at every meeting making good progress on the outstanding separation issues.”

Many economists say failure to agree exit terms would seriously damage the world’s fifth-largest economy as trade with the EU, Britain’s largest market, would become subject to tariffs.

Supporters of Brexit say there may be some short-term pain for the economy, but that long-term it will prosper when cut free from the EU.