Business Day

EU urges firms to up Brexit preparatio­ns

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The EU on Thursday urged member countries and businesses to “step up preparatio­ns” for Britain’s 2019 exit from the bloc, underlinin­g fears the negotiatio­ns could fail and cause even greater disruption. The appeal came before Britain’s new Brexit negotiator, Dominic Raab, was due in Brussels following a rebellion in Prime Minister Theresa May’s government over strategy. The European Commission urged “member states and private parties to step up preparatio­ns … for all outcomes” by the March 30 withdrawal deadline.

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