United Kingdom: 'no deal' Brexit could leave competition cases in limbo

Dominic Raab will meet Michel Barnier on Thursday
Credit
AFP

He repeated calls for the United Kingdom to remain part of the single market and customs union, adding: "A "no-deal" Brexit should be unthinkable, which is why it should be ruled out, if necessary by extending the Article 50 process".

"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 think there has to be a shift across the board in the EU's approach and they're going to have to meet us halfway".

He said the government was stepping up its contingency planning.

But the British government said the largest mobile operators, covering 85 per cent of customers, had agreed not to reintroduce the charges in the event of no deal.

Ahead of the talks, Raab said in a Daily Telegraph article: "No one should pretend that no deal would be straightforward".

While surcharge-free roaming in the European Union could no longer be guaranteed, the government plans to adopt its own law to ensure that mobile operators would have to apply a limit of £45 per month, nearly identical to the €50 per month under European Union law, on mobile data usage while overseas.

More news: Mother, infant are first two confirmed deaths from Hurricane Florence

For the public, Thursday's notices covered more mundane issues; the government said British drivers might need to obtain an worldwide driving permit to drive in the EU.

He said that while there were still issues which needed to be resolved, discussions were taking place in the "right spirit" and that they would have further talks after European Union leaders meet next week for an informal summit in Salzburg.

"Many companies tell us they are deeply concerned by the impression that key information they need in order to prepare for change is being held back due to political sensitivities".

If EVs sold in Britain are not counted as part of EU targets, suggest the documents, this could force manufacturers to shift sales to other European countries.

"The Bank of England is well-prepared for whatever path the economy takes, including a wide range of potential Brexit outcomes", he said.

AA president Edmund King said: 'This will be an extra burden for United Kingdom drivers wanting to take a holiday overseas.

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