1112 GMT January 18, 2021
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By Hossein Ziaee*
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The pound fell against all of its major peers as renewed concern the UK may be headed for a no-deal Brexit spurred traders to dump the currency.
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Britons have spent £4 billion stockpiling goods in preparation for a possible no-deal Brexit, new research suggested.
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Two days after the Brexit Secretary’s incendiary article in the Mail on Sunday, European Union leaders have initiated their own political and diplomatic offensive against Britain’s new Tory government.
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Most firms that export only to the EU do not have the paperwork they need to carry on their business after a no-deal Brexit, government figures suggest.
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Ford (F.N) warned on Thursday that the chances of a no-deal Brexit has risen in the last few months as new Prime Minister Boris Johnson ramps up preparations for a possible disorderly exit in October.
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One swallow doesn’t make a summer, so the old saying goes. For the warm middle months of the year, the British economy looked remarkably frosty, chilled by fears over a no-deal Brexit, until the Office for National Statistics (ONS) reported a surprisingly strong month for growth in May.
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Tory leadership contender Jeremy Hunt is to outline his plans for a no-deal Brexit later, including a £6 billion pledge to the fishing and farming industries and help for small businesses.
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The government has announced that most imports into the UK would not attract a tariff in the event of a no-deal Brexit.
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Britain could avoid slumping into a recession in the aftermath of a no-deal Brexit, according to one of Britain’s leading economics forecasters.
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Nearly one in three British businesses are planning to relocate some of their operations abroad or have already shifted them to cope with a hard Brexit, according to a leading lobby group.
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British firms are ‘praying for an extension to article 50’ rather than face a no-deal Brexit as it emerged that foreign investment has fallen steeply and the outlook for growth has slumped to a six-year low.
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No-deal Brexit will compromise ‘last line of defense’ for UK’s threatened habitats, campaigners warn
Legal challenges against the British government over its inability to protect nature will be brought to an abrupt halt in the event of a no-deal Brexit, experts warned.
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By Andrew Sentence & David Blanchflower *
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Northeast England would suffer the biggest decline in economic output of any UK region by the middle of the 2030s if the country leaves the EU without a deal, according to an analysis of government figures by Britain’s leading business lobby group.
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