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No-deal Brexit will bring tangle of red tape, Britain warns companies


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Britain on Thursday told companies trading with the European Union they would face a tangle of red tape, possible border delays and more costly credit card payments if the government fails to negotiate an exit deal before Britain leaves the bloc.


Brexit secretary Dominic Raab said he remained confident the two sides would reach a deal, but set out in a series of 25 notes what could change without one.


With little more than seven months to go until it leaves the EU on March 29, Britain has yet to reach an agreement with the bloc on the terms of its departure. Prime Minister Theresa May’s plan for a “business-friendly” deal has failed to impress negotiators in Brussels and has been heavily criticised at home.


“We have a duty, as a responsible government, to plan for every eventuality,” Raab said. “To do this, we need to have a sensible, responsible and realistic conversation about what a no deal situation really means in practice.”

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