If the country crashes out of the European Union without a deal on Oct.
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This process could be repeated until a deal is passed or Britain crashes out.
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But if Britain crashes out of the EU without a deal, customs checks would be required.
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If he can't, it will be up to the EU to decide whether Britain crashes out.
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If Britain crashes out of the UK without a deal, grocers may struggle to import goods.
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It is like designing a slalom in which each skier crashes out at a different gate.
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If Britain crashes out of the EU the pound could weaken again, making courses look cheaper still.
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If Britain crashes out of the European bloc without a deal, that invites expensive disruption at ports.
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In 2019, only 14 airliner aircraft suffered fatal crashes out of over 39 million flights, Forbes reported.
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Now all bets are off, and the risk that Britain crashes out of the European Union is rising.
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Companies are most worried about a scenario where Britain crashes out of the European Union without a deal.
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Investors are most worried about a scenario where Britain crashes out of the European Union without a deal.
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Or that a new Italian government defaults on the country's debt and crashes out of the euro zone?
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This correlation is robust enough to allow for educated guesses about where the pound might land if Britain crashes out.
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That polarisation and breaking will become a lot worse if Britain crashes out of the European Union with no deal.
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Airbus (EADSF) has said it would be forced to redirect future investment if Britain crashes out of the European Union.
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With no agreement in place, the default outcome is that the U.K. crashes out of the European Union on March 29.
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Their biggest fear is a scenario where the United Kingdom crashes out of the European Union, leading to new trade barriers.
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Cons: Experts have long warned of chaos and potential economic calamity in the event the U.K. crashes out without a deal.
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If the deal fails and Britain crashes out of the bloc, S&P estimates the pound will slump 15% against the dollar.
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Investors are most worried about a scenario in which Britain crashes out of the European Union without having negotiated an orderly departure.
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Airbus (EADSF) said last week that it would be forced to redirect future investment if Britain crashes out of the European Union.
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Business is most worried about a scenario where the United Kingdom crashes out of the bloc without a deal to protect trade.
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Otherwise the default will be a no-deal Brexit, where the UK crashes out on the October 31 without any arrangements in place.
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The alternative is a scenario in which Britain crashes out from the EU with little legal clarity for the businesses and citizens affected.
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No one knows what will happen if Britain crashes out of the EU in 24 days; as of today, there is no plan.
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Lost investment Airbus (EADSF) has warned that it would be forced to redirect future investment if Britain crashes out of the European Union.
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The LSE said it was activating contingency plans in case Britain crashes out of the European Union next March without a transition deal.
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But if the Brexit negotiations fail, and Britain crashes out without any deal at all, it would cause grave damage across Europe and beyond.
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A "no-deal" Brexit is classed as where the country crashes out of the EU without a trade deal, and reverts to WTO rules.
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Its 2019 performance could be further compromised if Britain crashes out of the European Union on October 31 without a deal to protect trade.
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If the Brexit negotiations fail and the UK crashes out of the EU with no deal, May will have made her worst blunder of all.
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As the clock ticks towards March 2019 the risks of a chaotic Brexit, where Britain crashes out of the bloc without a deal, are rising.
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Greater focus though is on averting a No-deal Brexit - a scenario in which the UK crashes out of the EU with no trade agreement.
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If the country eventually crashes out of the bloc without a deal, the pound could drop as low as $1.15, according to analysts at UBS.
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But some Brexit supporters argue that a weaker pound could help the UK economy get back on track if Britain crashes out of the European Union.
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The EU refuses to play Johnson's game, he refuses to plead for a delay, and the United Kingdom crashes out of the bloc on Oct. 31.
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Senior Whitehall sources said on Sunday that if UK crashes out of Europe without a deal "we will make it clear whose fault it was". bit.
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The second option is the 'no deal' option where parliament rejects the only deal and Britain crashes out of the EU at the end of March.
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Over the coming months, the bank, a big lender to U.K. businesses, will have to weather worsening consumer sentiment as Britain crashes out of the European Union.
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The internal document revealed that officials are preparing for a sudden rush of citizens coming home if Britain crashes out of the EU without a negotiated settlement.
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Ratings agency Moody's has warned that if Britain crashes out of the European Union (EU), it could threaten the health of the continent's aerospace and defense firms.
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It's the ultimate English spirit of getting excited for the national football team, only to be bitterly disappointed when it crashes out at the knock-out stages.
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Bracing for Brexit: The global growth fears that have rocked the US stock market will only deepen if the United Kingdom crashes out of the European Union.
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The IMF warned of worse to come if the trade war remains unresolved and Britain crashes out of the European Union without a deal that protects business.
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But it contrasts uncomfortably with the economic hardship Britons are expected to face if the country "crashes out" of the European Union with no deal at all.
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"I saw a lot of crashes out there today," said Froome, who went down with about three miles to go as the sprinters' teams jockeyed for position.
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LONDON (Reuters) - The likelihood of a hard Brexit, where the UK economy crashes out of the European Union without securing a trade deal, is rising once again.
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Their biggest fear is a scenario where the United Kingdom crashes out of the bloc, leading to new trade barriers while putting jobs and investment at risk.
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If Britain crashes out of Euratom in 2019 without substitute arrangements in place, within a matter of weeks it could find itself unable to replenish its uranium stockpiles.
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Also, with the prospects of a so-called No Deal Brexit looming, if the U.K crashes out of the EU, economic troubles could spread from Britain to Berlin.
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Fears over 'no deal' The most worrying scenario for business is one where Britain crashes out of the European Union without a deal, leading to new trade barriers.
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"If Britain crashes out of the EU, even pitching ideas to EU clients is unchartered territory," a London-based M&A banker at a European investment bank said.
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Risk of profound damage The nightmare scenario for companies in the United Kingdom is that the country crashes out of the European Union without a deal on Brexit.
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A no-deal scenario is generally considered to be where the U.K. crashes out of the EU without any formal relationship and has to rely on WTO trading rules.
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A no-deal scenario is generally considered to be where the U.K. crashes out of the EU without any formal relationship and must then rely on WTO trading rules.
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The first scenario, where Britain crashes out of the European Union without a deal that protects trade, would wipe out two years of economic growth, according to the IFS.
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Business leaders are increasingly concerned that their concerns are being ignored and are stepping up their contingency plans in case Britain crashes out of the EU without a deal.
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The government has already warned that the fast growing Irish economy could suddenly contract if Britain crashes out, shutting down businesses and putting up to 80,000 jobs at risk.
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London (CNN Business)Pizza chain Domino's has spent £7 million ($8.5 million) to stockpile imported ingredients that might not be available if Britain crashes out of the European Union.
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The Irish government has warned economic growth could come to a near halt next year, putting up to 80,1003 jobs at risk if Britain crashes out of the bloc.
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The Irish government has warned economic growth could come to a near halt next year, putting up to 1003,000 jobs at risk if Britain crashes out of the bloc.
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JLR joins a growing list of companies which have raised concerns about potential disruption to business if Britain crashes out of the bloc next March without a trading agreement.
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The UK car industry last week warned of "permanent devastation" if the United Kingdom crashes out of the bloc on March 29 without a deal that protects trade links.
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Woods had asked banks to spell out how they would cope in particular with a "hard" Brexit where Britain crashes out of the EU with no transition or trading deal.
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The British economy is suffering from falling confidence, while manufacturing appears so strong only because firms are stockpiling in case Britain soon crashes out of the EU without a deal.
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Britain is legislating to allow banks and insurers in the EU to continue serving UK customers after Brexit, even if Britain crashes out of the bloc with no transition deal.
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Coens said he was not sure many companies were prepared for a no-deal Brexit, but that he did not expect major chaos at the port if Britain crashes out.
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If the vote fails, then the UK crashes out of the EU on April 12 with no deal, which many have predicted would be a financial calamity for Britain. 4.
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But businesses are plowing ahead and preparing for the possibility that the country crashes out of the bloc without an agreement at the end of March — a no-deal Brexit.
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The BoE's Financial Policy Committee (FPC) said on Wednesday that it has reviewed a scenario whereby Britain crashes out of the European Union in March with no deal or transition period.
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ZURICH (Reuters) - Switzerland will introduce a quota system allowing Britons to come and work in the country in the event Britain crashes out of the European Union without an exit deal.
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With only 59 days to go until the U.K. automatically crashes out of the bloc, British lawmakers still haven't approved a deal with EU leaders that would avoid a cataclysmic rupture.
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NO-DEAL Failure to reach a Brexit deal this week, or a refusal to request an extension would potentially mean Britain crashes out of the EU, causing turmoil in financial markets.
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Brussels agreed in December that if Britain crashes out of the bloc with no deal, it would deem UK clearing to be equivalent so that EU customers could continue using them.
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Economists said the faster pace of growth was partly due to manufacturing businesses stockpiling materials and parts that would be harder to acquire if Britain crashes out of the European Union.
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Also, this scenario could keep everyone in limbo and still leave a risk that the U.K. crashes out without a deal if, say, an even harder-line Tory government takes office.
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But food producers worry most that if Britain crashes out of Europe, it would open itself to cheaper goods from countries outside the European Union, making Irish firms even less competitive.
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The EU is unlikely to refuse an extension, to avoid being blamed for economic disruptions if Britain crashes out of the bloc with no deal in place to mitigate the impact.
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DUBLIN (Reuters) - Brexit negotiators are "running out of road" to avoid a scenario where Britain crashes out of the European Union without a deal, Irish Foreign Minister Simon Coveney said on Wednesday.
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The first vote on a no-deal scenario — where the U.K. crashes out of the bloc and has to rely on WTO trading rules — is highly likely to be rejected by politicians.
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BERLIN (Reuters) - Travel specialists say the overseas tourism industry could lose billions over the next five years if Britain crashes out of the European Union later this month without a divorce deal.
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Carney said the BoE had not tried to forecast what would happen if there was a "disorderly Brexit" where Britain crashes out of the EU without an agreement on future trade relations.
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Like many British-based carmakers, it imports parts from Europe including German-made engines, which could face delays at ports in the event Britain crashes out of the EU without a deal.
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And yet, perhaps counterintuitively, the election also appeared to increase the possibility of an unruly Brexit in which Britain crashes out of the European Union absent a deal governing future interaction. Mrs.
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But it has warned of a "material impact on the group and its customers" if it fails to secure the licenses and Britain crashes out of the European Union without a deal.
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Carmakers are taking steps to prepare for major disruptions after Brexit, which is one possibility if parliament rejects May's plan and Britain crashes out of the EU on World Trade Organization terms.
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If the UK can't agree on an alternative plan, that leaves one option: a no-deal Brexit, in which the UK crashes out of the EU without a deal on April 12.
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In that scenario, the UK crashes out of the EU with no rules in place for how everything from trade to airline travel to immigration between the UK and EU countries will work.
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But the possibility of a calamitous no-deal Brexit — where the UK and crashes out of the EU without any withdrawal agreement on March 29, 2019 — would be disastrous to the UK's economy.
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BRUSSELS (Reuters) - Belgium's economy would contract nearly 1 percent and Belgians would become poorer if Britain crashes out of the European Union in a chaotic way, a central bank official said on Thursday.
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The big picture: If Parliament rejects May's plan and the U.K. crashes out of the EU without a deal, the country's GDP would be 9.3% smaller after 15 years, according to the analysis.
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LONDON (Reuters) - The British pound could rapidly slide to $1.10 if the United Kingdom crashes out of the European Union without a Brexit withdrawal arrangement, BNY Mellon's chief currencies strategist said on Tuesday.
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Even cold-calling of company executives to pitch for new business out of London could raise eyebrows among EU regulators if Britain crashes out of the EU without a deal, the sources said.
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China's methods for pulling itself out of an economic rut are probably not as effective as they once were, and Europe could be hit hard if Britain crashes out of the European Union.
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If Britain crashes out of the European Union on March 29, 2019 without a deal on trading arrangements, Airbus has said the outcome would be "catastrophic" and threaten its future in the country.
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A "no-deal" Brexit — in which the UK crashes out of the EU overnight and ends up outside all the EU institutions it once belonged to — is the default (more on this later).
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DUBLIN (Reuters) - Ireland's fast growing economy could suddenly contract if Britain crashes out of the European Union without a deal, a prospect that has become more likely, Prime Minister Leo Varadkar said on Wednesday.
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Varadkar said British commentators had misrepresented Ireland's position in recent days by saying Dublin had accepted a hard border could be avoided using technology around the border if Britain crashes out without a deal.
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Dramatic market reaction to the resignation of key UK government ministers underscores the steep price that Brits are likely to pay if the country crashes out of the European Union without a divorce deal.
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These are some of the potential consequences the United Kingdom will face if it crashes out of the European Union without a deal on trade, according to notices published Thursday by the UK government.
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Governor Mark Carney said the BoE had not tried to forecast what would happen if there was a "disorderly Brexit" where Britain crashes out of the EU without an agreement on future trade relations.
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LONDON (Reuters) - Policies bought by European Union customers from British insurers would still be valid if the UK crashes out of the bloc next month with no deal, the EU's insurance watchdog said on Tuesday.
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That is what the British government said in a technical note published on September 24th about the worst case scenarios of what happens if Britain crashes out of the bloc without any agreement being made.
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But the Irish central bank has said that if Britain crashes out without a deal it could knock as much as 4 percentage points off Ireland's growth rate in the first full post-Brexit year.
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"There were a lot of crashes out there today just one of those things," Froome, who is looking to become the first rider in 20 years to achieve the Giro d'Italia-Tour double, told reporters.
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Adding to the gloomy sentiment, the Bank of England warned on Tuesday that Britain risks a bigger hit to its economy than the financial crisis if it crashes out of the European Union without a deal.
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Crashes out to teenage compatriot Sloane Stephens in Australian Open quarter-final in 2013 but rebounds to claim her second Roland Garros title, one of 10 titles she wins that year as she reclaims top ranking.
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Crashes out again early in 2014 Australian Open, but claims seven titles, including her sixth U.S. Open, which is her third in succession, to join compatriots Chris Evert and Martina Navratilova on 18 grand slam titles.
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Adding to the gloomy sentiment, the Bank of England warned on Wednesday that Britain risks a bigger hit to its economy than in the financial crisis if it crashes out of the EU without a deal.
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LONDON (Reuters) - The likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound, according to economists and foreign exchange strategists polled by Reuters.
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LONDON (Reuters) - Big companies are stepping up their plans in case Britain crashes out of the European Union without a deal as Prime Minister Theresa May struggles to get talks back on track after a major setback.
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Ireland is under pressure again from the other EU states to prepare the sensitive border on the island for checks necessary after Brexit, especially if London crashes out with no agreement in place to manage the fallout.
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Chief Financial Officer Philippe de Rovira said the conservative "all-weather" objective covered the potential scenario in which Britain crashes out of the European Union in a no-deal "hard Brexit", as well as other market setbacks.
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Company said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.
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The Times Britain's Financial Conduct Authority has warned European regulators that their plans to place limits on share trading if the UK crashes out of the European Union without a deal will cause disruption to investors. bit.
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The leaked memo warns of the return of the hard border in Ireland, a shortage of fresh food, and massive delays at ports if the UK crashes out of the EU without a deal on October 31.
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Many currency market analysts remain confident that the two sides will reach agreement, as both Brussels and London have much to lose if Britain crashes out the bloc without an arrangement for trade on March 29, 2019.
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Asset managers are worried that if Britain crashes out of the EU next March with no transition deal, they would no longer be able to manage funds listed in the EU under a regime known as delegation.
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Enders has warned the political leadership here that if the U.K. just crashes out of the E.U. in the coming weeks, Airbus may be forced to make some "potentially very harmful decisions" about its operations in Britain.
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Either Britain and Europe strike a narrow trade deal that governs some manufactured goods, while leaving out services — the bulk of the British economy — or Britain crashes out of the European bloc with no deal at all.
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If Britain crashes out of the bloc with no agreement in place to mitigate ensuing disruptions, Britons could require visas to travel to the EU in the future, a spokeswoman for the European Commission said on Friday.
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This is to give parliaments in London and Brussels time to approve a deal before Britain otherwise crashes out of the EU next March, plunging businesses and millions of ordinary citizens into a chaotic and costly legal limbo.
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Prospect magazine's Jonathan Lis has a piece titled "36 things that will happen if Britain crashes out of Europe with no deal" that I, an American who has been casually but not obsessively following Brexit, found extremely helpful.
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LONDON (Reuters) - The European Union is set to implement a commitment to avoid disruption in the cross-border derivatives market if Britain crashes out of the bloc next March without a deal, an EU document showed on Tuesday.
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LONDON — The growing chance that the UK crashes out of the European Union without a trade deal may stop the Bank of England from hiking interest rates in the near future, according to research from Dutch bank ING.
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LONDON (Reuters) - Prime Minister Theresa May said on Wednesday she did not believe that Britain was getting close to a so-called "no deal" Brexit, where the country crashes out of the European Union without an exit agreement.
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PARIS (Reuters) - France's agriculture minister warned incoming British prime minister Boris Johnson on Wednesday against preventing French fishermen from fishing in British waters if Britain crashes out of the European Union without an exit deal later this year.
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DUBLIN (Reuters) - Ireland on Wednesday disclosed its first major set of contingency plans in case Britain crashes out of the European Union without a withdrawal deal, including possible emergency measures to avoid any shortages of medicines and food.
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ZURICH (Reuters) - The four-nation EFTA trade alliance is drawing up contingency plans in case Britain crashes out of the European Union without an accord on its future ties with the EU, EFTA's secretary general told a Swiss newspaper.
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BRUSSELS (Reuters) - EU summit chairman Donald Tusk said he had abandoned hope that Brexit might be stopped and said on Wednesday his priority was now to avert a "fiasco" in 50 days if Britain crashes out without a deal.
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LONDON (Reuters) - Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.
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This has prompted many to enact plans for a worst-case scenario, which usually involve shifting some of their British operations on to the continent to protect them even if Britain crashes out of the bloc with no deal.
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The Sunday Times reported that the memo, nicknamed "Operation Yellowhammer", comes directly from the government and is a comprehensive rundown of its preparations in the increasingly likely scenario that the UK crashes out of the EU without a deal.
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With a just few weeks left on the clock before the country crashes out of the European Union without a deal, British politics remains bitterly divided and unable to even meet and talk to try to work things out.
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LONDON (Reuters) - AstraZeneca is increasing stockpiles of those medicines in Britain and Europe that could be affected by Brexit by around 20 percent, in preparation for potential disruption if the UK crashes out of the EU without a deal.
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May's fragile government in Parliament, trying to build a cross-party alliance of lawmakers to amend Brexit legislation to ward off any prospect of a "cliff edge" or "no deal Brexit," where Britain crashes out without a trade agreement.
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London-based financial technology startup TransferWise is applying for a money-transfer licence in Brussels, in a bid to ensure its business is not disrupted if Britain crashes out of the European Union without a divorce deal, it said on Thursday.
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But many banks, insurers and asset managers who use Britain as their EU base are opening hubs in the bloc to avoid being locked out of the continent if Britain crashes out of the EU in March without a deal.
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Nearly one third of global CFOs said they do not know what will happen with Brexit, while 16 percent predicted a no-deal scenario — where the U.K. crashes out of the bloc and has to rely on WTO trading rules.
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DUBLIN (Reuters) - Ireland would have to "radically reset" expectations for what the government can do in its budgets for the coming years if Britain crashes out of the European Union without a deal, Finance Minister Paschal Donohoe said on Wednesday.
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But many banks, insurers and asset managers who use Britain as their EU base are opening hubs in the bloc to avoid being locked out of the continent if Britain crashes out of the EU in March without a deal.
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If England have a lesson taught to them in the group stage by the Russians, the Slovaks and Gareth Bale, who knows, it could be more than just the England football team that crashes out of Europe before the knockouts.
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SEEON-SEEBRUCK, Germany (Reuters) - The Irish government is intensifying preparations for the possibility that Britain crashes out of the European Union without an exit deal even though it expects agreement in the coming weeks, Prime Minister Leo Varadkar said on Friday.
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LONDON, Feb 17 (Reuters) - Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.
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I mean, there's not a deal on the table, and I know the market is not expecting that the UK crashes out of the EU. But if it does, what sort of disruption and cost pressures are you going to face?
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LONDON (Reuters) - Drugmakers and medical devices companies are drawing up plans to protect supply chains in case Britain crashes out of the European Union without a trade deal, and some small service businesses are already relocating to stay inside the bloc.
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But both the EU and UK have also stepped up preparations for the most damaging scenario in which they fail to finalise the deal and Britain crashes out from the bloc with no agreement in place to manage the fallout.
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LONDON (Reuters) - Trade in a host of Europe's emerging economies and nearby Turkey will be hit if Britain crashes out of the European Union without a transition deal in place, the European Bank for Reconstruction and Development said on Friday.
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But both the EU and UK have also stepped up preparations for the most damaging scenario in which they fail to finalize the deal and Britain crashes out from the bloc with no agreement in place to manage the fallout.
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Banks are choosing to go ahead with organizing their businesses such that even in the 'no-deal' scenario under which Britain crashes out of the EU without any agreements in place, they will still be able to serve European customers as before.
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If the agreement is voted down by U.K. lawmakers, the government could try to extend the deadline of March 29 (when the U.K. is officially due to leave the European Union) or the country crashes out of the EU without a deal.
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A UK government memo says a no-deal "Brexodus" could see 217,2911 expats returning to the UKThe internal document revealed that officials are preparing for a sudden rush of citizens coming home if Britain crashes out of the EU without a negotiated settlement.
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Thursday's warning comes two weeks after Dublin offered businesses up to 60,000 euros each to train staff on filing customs returns, because the government will not have enough customs agents to help them file returns if Britain crashes out without a transition agreement.
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LONDON (Reuters) - British lawmakers launched an inquiry on Friday to plot the best way forward for finance after Brexit as Goldman Sachs warned it could cut jobs if the United Kingdom crashes out of the bloc without an agreement in two months' time.
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"There are only five months before Britain crashes out of the E.U. without a deal, causing prices to rise and reducing the availability of many goods on the shelves," Helen Dickinson, chief executive of the British Retail Consortium, said in a statement.
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Roberts said Intu, target of two failed takeover bids last year by Hammerson and some of its biggest shareholders, had a plan in place in case Britain crashes out of the EU without a deal next month, but declined to give details.
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This scenario — where the UK crashes out of the EU with no agreement in place — would be bad for the EU, and would likely be a disastrous and terrifying mess for the UK. The majority of Parliament wants to avoid that happening.
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If no deal is made and agreed on by all parties before March 29, the UK will experience a "no deal" Brexit — a potentially catastrophic scenario in which the country simply crashes out of the EU with no rules or safeguards in place.
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Crashes out in first round of 2015 Australian Open to Romania's Irina-Camelia Begu, though wins four titles on four different surfaces, becoming the first woman since Jelena Jankovic in 2007 to win WTA Tour titles on green clay, red clay, grass and hard courts.
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They include everything from asking May to go back and renegotiate terms of her deal with the EU to attempts to avoid a no-deal Brexit, a scenario where the UK crashes out of the EU without any agreement or transition period in place.
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If the UK crashes out of the EU, "the requirements on UK mobile operators to guarantee surcharge-free roaming for customers in the EU are inoperable after exit," says the memo, because the UK would no longer be part of the EU regulatory structure.
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DUBLIN, June 25 (Reuters) - Ireland's economy could flatline next year if Britain crashes out of the European Union without a deal, rather than growing by the forecast 3.3 percent if its neighbour secures an orderly Brexit, Irish Finance Minister Paschal Donohoe said on Tuesday.
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NEW YORK/PARIS (Reuters) - London-based financial technology startup TransferWise is applying for a money-transfer license in Brussels, in a bid to ensure its business is not disrupted if Britain crashes out of the European Union without a divorce deal, it said on Thursday.
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LONDON, March 1 (Reuters) - The EU banking watchdog has urged member states to offer deposit account protection for customers of branches of British banks in the rest of the European Union in case Britain crashes out of the bloc this month with no deal.
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The committee wants the finance ministry to assess the long-term economic and fiscal impact of implementing the final divorce settlement once it has been negotiated, and of the impact of a no-deal Brexit whereby Britain crashes out of the bloc next March.
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The concerns follow similar warnings by the Irish government this week that a no-deal Brexit could fuel recruitment among the small remaining militant groups in both nationalist and unionist communities, requiring the immediate deployment of Irish police to the border if Britain crashes out.
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European Affairs Minister of State Amelie de Montchalin said there was no chance of renegotiation that deal, echoing President Emmanuel Macron and other EU capitals, adding there would be no implementation period if Britain crashes out of the bloc with no deal on Oct. 31.
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After an attempt to join the special forces—he crashes out after breaking both legs in basic training—he gravitates to the intelligence world, where he discovers that the agency he works for has transformed the internet into the opposite of the playground he idealized.
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DUBLIN (Reuters) - Ireland's finance minister said on Tuesday the government will run a budget deficit of 0.6% of gross domestic product next year if Britain crashes out of the European Union without a deal, to fund a 1.2 billion euro package for affected firms.
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But most goods will still go by sea, and companies will have to be ready to change their paperwork in transit if Britain crashes out of the EU. Most important, exporters want to avoid paying demurrage, the charges imposed by a port for delays in offloading cargo.
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Meanwhile, Parliament is looking worse for wear after this week giving Prime Minister Theresa May a mandate to do what is likely impossible: renegotiate her plan with the E.U. If Britain crashes out without a deal, food retailers warn they'll be the first to feel it.
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Analysts at MUFG note that reports stating that the EU will not seek a "managed no-deal" should prove a positive for May as it supports her warnings to lawmakers to back her deal or face economic chaos if Britain crashes out of the bloc in March.
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In those forecasts, Ireland's finance ministry reiterated its view that gross domestic product growth would fall to anywhere between zero and 1% in 2020 if Britain crashes out of the bloc later this year, rather than growing by the forecast 3.3 percent if its neighbor secures an orderly Brexit.
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In case Britain crashes out of the EU without pre-negotiated agreements on what is next, Luxembourg would give some 6,000 Britons living on its soil a year to obtain residence permits and let British citizens working in Luxembourg's schools and public sector keep their jobs, they said.
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DUBLIN, July 1 (Reuters) - Ireland's plans to swing to a budget deficit of up to 1.5% of gross domestic product (GDP) if Britain crashes out of the European Union without a deal will not dent investor confidence in the country, the head of the country's debt office said.
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First, Blair claimed that U.K. Prime Minister Theresa May's deal is going to lead to a parliamentary defeat and that then would trigger either a General Election, a fresh Brexit referendum, or a "no deal" where the U.K. crashes out of the EU and reverts to WTO rules for trade.
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BRUSSELS (Reuters) - Students could finish exchange programmes, existing EU projects could still get funding and EU workers in Britain could continue to accrue pension benefits at home under emergency measures proposed by the EU executive on Wednesday to limit disruption if Britain crashes out of the bloc with no deal.
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By putting a number on 'R-star' for the first time alongside its rate decision on Thursday, it may give a clearer indication of where it thinks borrowing costs need to head in the longer term — though if Britain crashes out of the European Union next March, all bets are off.
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BRUSSELS (Reuters) - Students could finish exchange programs, existing EU projects could still get funding and EU workers in Britain could continue to accrue pension benefits at home under emergency measures proposed by the EU executive on Wednesday to limit disruption if Britain crashes out of the bloc with no deal.
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In reality, as Mrs May will find out in Brussels, the question of whether Britain gets an extension or crashes out is not in the hands of either the prime minister or Parliament, but the leaders of the 27 other members of the EU. On April 10th they will tell Britain its fate.
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FRANKFURT/DUBLIN, Jan 15 (Reuters) - Germany's drug safety regulator has concluded that Brexit will not put its patients at risk of losing access to essential drugs while Ireland has drawn up a watch list of some 24 medicines whose supply would be most vulnerable if Britain crashes out without a divorce deal.
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If British trade flows were affected by new trade barriers - something that could happen it the country crashes out of the EU without a deal - the country would not be able to sustain its existing current account deficit, he said, and this would lead to "a painful adjustment" of less investment and a weaker pound.
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"There's no guaranteed date for when Brexit progress or hard Brexit will be known by apart from exit day on 203 March 2019," Nomura analysts told clients, describing a "hard Brexit" as a "cliff edge" moment in which Britain crashes out of the EU in March 2019 without any future trading arrangements in place.
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On Brexit: Hunt, who campaigned for remaining in the EU during the Brexit battle, told Axios he now believes "we will be better off outside the EU." He said that will be the case even if the U.K. crashes out next year without an exit deal, a scenario he's been warning against in European capitals.
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German Foreign Minister Heiko Maas on Tuesday said the risk of a so-called hard Brexit was "not yet off the table" and France's prime minister has asked his ministers to prepare contingency measures in case Britain crashes out of the EU. The pound sank to 90.98 pence against the euro, its lowest since Sept.
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The Irish government will offer firms 6,203 euros ($6,730) per trainee - up to a maximum of 10 per company - as well as a free training program for all eligible customs agents, intermediaries and affected businesses as it said the country will not have enough agents to help firms file returns if Britain crashes out without a deal.
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The Irish government will offer firms 6,000 euros ($6,13) per trainee - up to a maximum of 10 per company - as well as a free training programme for all eligible customs agents, intermediaries and affected businesses as it said the country will not have enough agents to help firms file returns if Britain crashes out without a deal.
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A few weeks ago he rang his lawyer in a panic to ask how he could honour his "delivered duty paid" agreement, which dictates that he assumes all the responsibility, risk and costs of getting his wares to JLR within a day or two, if Britain crashes out of the EU leaving lorries stranded at customs in Calais or Dover.
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Boeing's CEO was lost for words when he was grilled by lawmakers on Wednesday about the company's efforts to move legal cases from one of the fatal 737 Max crashes out of the US.Dennis Muilenburg repeatedly said that he was not familiar with the company's strategy, which it said it would execute back in March, before it opened settlement talks with the families.
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The DUP's influence has made it harder to reach a consensus on the Irish border, which is supposed to stay open under the Good Friday Agreement but likely will close if Britain crashes out of the EU. Most of Britain's other political parties favor a second referendum to halt Brexit, but they lack the votes in Parliament to make it happen.
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A leaked document obtained by The Sunday Times shows that U.K. police are preparing for widespread riots and crime in the months surrounding March 29, 2019, the planned day of Brexit, if a deal is not reached with the EU. The big picture: The U.K. has begun outlining contingency plans to prepare for the very real possibility that the country crashes out of the EU without an exit deal.
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And so, in the absence of any deal, and without a revoking of Article 50, Britain crashes out of the EU on a no-deal basis -- a scenario that has alarmed national and international businesses and inside Britain's machinery of government and public services, due to the prospect of swingeing tariffs on goods at the border, miles of queued lorries and stockpiling of food and medicines by panicking householders.
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