Anxiety rising over Brexit ‘no deal’ scenario

Levels of concern for Britons living abroad in the EU are rising again as the possibility of a ‘no deal’ exit (with no transition period) appears more likely than ever.

The UK and EU were due to reach a final draft of the withdrawal agreement by the EU summit on October 18, including an outline of intentions for the ‘future relationship’ (trade, security cooperation etc). However time is running out for agreement on issues such as the Northern Irish border or the future trading relationship.

The UK government has issued papers on its ‘no deal’ contingency planning (see here) and the Prime Minister has called what commentators say is a ‘cabinet crisis summit’ on September 13. It is widely thought talks will now run into November in a last-ditch effort.

The pound is at a new low of €1.106 versus €1.44 in 2015 ( ...

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