Britain to publish more 'no deal' Brexit advice papers

Dominic Raab will meet Michel Barnier on Thursday
Credit
AFP

Dominic Raab will meet Michel Barnier on Thursday Credit AFP

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. Without an adequacy decision from the European Commission allowing data transfer between the EU and United Kingdom, companies should "consider assisting your EU partners in identifying a legal basis for those transfers".

Alongside the divorce deal will come a political statement on plans for a future trade deal, but there are important differences between London and Brussels on both issues. "The fall in the exchange rate would lead to temporarily higher inflation and hence a further squeeze on real wages over the following two to three years, which in turn would weigh on consumer spending and depress growth.' The report added that unemployment would rise, the Treasury would be knocked by lower tax revenue and the United Kingdom could 'fall into recession very quickly".

"I'm not going to put a number on it but what I would say is that it would be substantially below the financial settlement in the withdrawal agreement", he said when asked about how much Britain would pay in a BBC interview.

"The [EU27] will keep our heads cool as we always do", he added.

The DfT added that arrangements for European Union licence holders who are visiting or living in the United Kingdom would not change.

"They also illustrate the extent of the disruption consumers can expect if ideology wins over evidence".

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CBI Director General Carolyn Fairbairn said the government's latest planning papers "make clear firms would be hit with a sledgehammer in the event of no-deal".

There are also concerns about delays at the United Kingdom border. From the 1st February 2019, IDPs will be available only through the Post Office at a cost of £5.50 per document.

"If the momentum behind that were to continue to increase, then it might just happen". The guidance said: "The UK does not require visiting motorists, for example those coming to the UK on holiday or who wish to drive on business, to hold a separate IDP to guarantee the recognition of their driving licence".

"The EU Withdrawal Act will preserve the EU block exemption regulations (which now apply in the United Kingdom as parallel exemptions to the United Kingdom competition prohibitions)", the government's guidance paper said. "So I think it needs to be ruled out".

Last month the government published 24 no-deal documents covering industries including medicine, finance and farming.

More no-deal publications are expected in the coming weeks. "That is why we must have a people's vote on the final Brexit deal".

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