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UK warns of red tape, card charges in 'no-deal' Brexit | DW |

In recent weeks, there have been concerns that the country could crash out of the 28-nation bloc without a deal amid infighting within British Prime Minister Theresa May's divided Conservative government.

Raab said he remained confident the UK and the EU would reach a deal, but said that he was releasing the documents to help people and businesses prepare for any disruption caused in case there is no deal.

The guidelines stated that companies trading with Europe would face new customs and excise rules and require paperwork covering customs and safety declarations. If Britain left without a deal, "the free circulation of goods between the UK and EU would cease," the guidance said.

What do the papers say?

  • Britons will have to pay more to make credit card payments in the EU.

  • Businesses on the continent could be cut off from investment banks in London.

  • Britons living in the EU could lose access to their UK bank accounts.

  • Companies trading with Europe would face new paperwork to cover customs and safety declarations.

  • Britain will unilaterally accept some EU rules and give EU financial services firms continued access to the UK market.

  • The UK will recognize EU standards for medicines. This means that drugs from the bloc won't need to be re-tested in the UK.

  • Contingency plans to avoid shortages of medicines.

'Sapere aude'
by Oui (Oui) on Thu Aug 23rd, 2018 at 07:11:22 PM EST

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