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Implications for business and trade of a no deal exit on 29 March 2019

This document explains the Government’s latest assessment of the implications for business and international trade in the UK, if it leaves the EU without a deal on 29 March.

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The Government’s primary aim is to ensure that the UK leaves the EU on 29 March with a negotiated deal which will honour the result of the referendum. However, as a responsible government, it continues to plan for all eventualities, including one in which the UK leaves the EU without a deal.

This paper summarises Government activity to prepare for no deal as a contingency plan, and provides an assessment of the implications of a no deal exit for trade and for businesses, given the preparations that have been made.

Published 26 February 2019