EU, Britain agree to fast-track Brexit talks

EU, Britain agree to fast-track Brexit talks

EU, Britain agree to fast-track Brexit talks

Responding to the publication of the planning papers, chief executive of business representative body Retail NI Glyn Roberts said it was the "right course of action for the UK Government to publish these papers" but that his organisation was concerned "a no Brexit deal could result in higher food prices, increased delays and red tape at borders and a possible Value-Added Tax hike for consumers and businesses".

The UK is due to leave the European Union on March 29, 2019, almost three years after 52 percent of Britons voted in favour of ending the country's 43-year membership of the bloc in a deeply divisive referendum in June 2016.

"You should consider whether you will need advice from the Irish Government about preparations you need to make", it states.

Britain's Brexit minister Dominic Raab will travel to Brussels on Tuesday (21 August) in a bid to pick up the pace of talks with the EU's chief negotiator Michel Barnier, Prime Minister Theresa May's office said on Saturday.

What do the papers say?

"Britain is militarily, politically and economically tremendously significant on our continent", he said, adding that securing a good relationship was important to prevent further Brexit fallout for both Britain and the EU.

However, this appears to be an exaggeration, with Health Secretary Matthew Hancock making it clear the measure is only meant to ensure "continuity of supply" to manage "delays at the border that may arise in the short term" if customs arrangements with the European Union change.

In the case of a no-deal Brexit, UK-based payment service providers would lose direct access to the EU's payment infrastructure.

However, the government's guidance makes it clear that companies trading with Europe would face new paperwork to cover customs and safety declarations in the event of no deal, paperwork that is now not required.

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According to the Government, there are plans in place to ensure the supply of medicines for at least six weeks.

The first 25 papers cover everything from financial services to nuclear materials.

David Lammy, a pro-EU Labour MP, said the papers showed the government was "playing Russian roulette with our economy".

Gabriele Zimmer, a leftist German member of the European Parliament who deals with Brexit doubts a deal can be reached by October.

"No-deal would be a catastrophic failure of the UK Government that would cause huge disruption and serious, long-lasting economic and social damage to all parts of the UK".

"The government is taking a pragmatic approach to addressing critical cliff-edge issues and to ensure consumers and businesses can continue accessing vital cross-border services".

A technical paper released on Thursday laid bare the risks facing United Kingdom banking and payments customers if the Government fails to clinch a trade agreement that covers financial services. They will be closely scrutinised by industry to see how well prepared Britain is for an outcome many employers have warned will be hugely disruptive.

Many of today's newspapers have attacked the Chancellor: The Daily Mail headline reads "Eeyore Hammond Launches Project Fear (Pt2); the Daily Express asks "What does Hammond Think He's Playing At?"; The Telegraph splashes "Hammond Under Fire No Deal Warning"; and The Times leads with "Brexit Splits in Cabinet Laid Bare By Hammond".

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