Companies Bracing Themselves In Case of 'No-Deal' Brexit

Forex News

UK will issue instructions for companies and the public about how to cope with Brexit in case there is no deal with EU, raising the risk of a “no-deal Brexit”.

Brexit minister Dominic Raab stated: "With six months to go until the UK 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," and: "These technical notices are part and parcel of our sensible, pragmatic approach to preparing for all outcomes." Raab also noted: "Getting a deal with the European Union is still by far and away the most likely outcome".

Recently, Michel Barnier, EU Brexit chief negotiator, reported that the deal with EU will be reached "within six or eight weeks" if negotiators were realistic in their demands.