United Kingdom cabinet to discuss no-deal Brexit plans


Speaking ahead of the publications Raab said: "With six months to go until the United Kingdom leaves the European Union, we are stepping up our 'no deal" preparations so that Britain can continue to flourish, regardless of the outcome of negotiations.

Raab says he remains confident a deal will be reached.

Britain has stepped up planning for the effects of such a departure and on Thursday published 28 technical notices covering the impact on areas ranging from environmental standards to certification for manufacturers. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy.

Britain and the European Union are "closing in" on an agreement on the terms of the UK's withdrawal and their future relations, Brexit Secretary Dominic Rabb has said.

The potential consequences of a no-deal Brexit were spelled out by Bank of England governor Mark Carney at a special meeting of the Cabinet when he warned ministers of a 35% crash in house prices over three years in a worst case scenario.

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Critics suggest this means there would need to be extra physical checks at the Irish border.

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Dr Adam Marshall, director general of the British Chambers of Commerce, added that key questions remained unanswered. The automotive, airline, aerospace and chemicals sectors would be most severely affected, Moody's said, as they account for the largest trade flows in goods with the EU.

Lawmakers from the European Research Group (ERG), a grouping in May's Conservative Party, which wants a sharper break with the EU, met on Tuesday night and openly discussed May's future.

Britain and Europe's chief Brexit negotiators held their latest round of talks by telephone Friday but made little fresh progress just days before a major European Union summit.

Britain risks its first recession in nearly a decade if it drops out of the European Union without a deal, according to Moody's.

The CBI said the notices also showed the extent of disruption consumers can expect if "ideology wins over evidence".

"With the level of uncertainty facing consumers and the economy, in part due to ongoing Brexit negotiations, forecasting is particularly hard", John Lewis said.

Mr Blair said the deal should address Britain's concerns around freedom of movement and immigration, which are also an issue "all over Europe".