The UK isn’t ready for Brexit
London (CNN Business)Food shortages. Major disruption to trade. At least $17 billion in new costs for business. Big trouble for small companies.
These are the potential consequences of a disorderly Brexit, according to an analysis published Tuesday by the UK government that concludes the country is nowhere near ready to leave the European Union on March 29 without a transitional deal.
With just over a month to go, the government still lacks parliamentary support for a divorce deal that would protect trade and other EU ties for nearly two years after Brexit while a longer term arrangement is agreed.
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