Drivers could face "major delays" for European Union permits after no-deal Brexit

UK will still have to pay Brussels in a no-deal Brexit says Philip Hammond

It also outlines the prospects for the United Kingdom position in regards to the Galileo global navigation satellite system, reiterating the point that the United Kingdom will have no role in the relevant programmes if there is not a Brexit deal. A chaotic exit in March would sap the UK's "economic, fiscal and institutional strength", cause a fall in the pound and hit key industries.

Mr Raab said there was a risk of disruption at the border if the European Union did not respond "with the collaborative spirit" he said the United Kingdom "would want to show".

'We still think the United Kingdom and the European Union will eventually reach an agreement to preserve many - but not all - of their current trading arrangements, particularly around trade in goods, ' said Colin Ellis, Moody's chief credit officer and co-author of the report.

That means that the European regulation that bans roaming charges will not automatically be part of United Kingdom law, so British mobile operators might be able to reintroduce the charges.

"The main change for businesses will be that, in some cases, mergers that now meet the relevant EU thresholds will be reviewed by both the Competition and Markets Authority and the European Commission", the government said.

He told the BBC's Today programme: "When push comes to shove it will be a binary choice between the deal we bring back and No Deal, and I think that will focus minds".

Tropical Depression Isaac drenches Puerto Rico, sparks power outages
Isaac weakened into a tropical storm Monday and by Tuesday recorded maximum sustained winds of 70 miles per hour . Isaac is expected to dissipate within the next few days.

More than 80,000 without power in North Carolina as Florence moves closer
Spanish moss waved in the trees as the winds picked up in Wilmington, and floating docks bounced atop swells at Morehead City. Wild horses in the Rachel Carson Reserve in Beaufort, North Carolina will fend for themselves during Hurricane Florence .

Hurricane Florence: Latest NOAA Updates from NHC (Sept. 13)
The American government is ready to deal with the aftermath of the hurricane but people should get out of the way, Trump said . About 10 million people live in areas that were under either hurricane or tropical storm warnings and watches Thursday.

"The fall in the exchange rate would lead to temporarily higher inflation and hence a further squeeze on real wages over the following two to three years, which in turn would weigh on consumer spending and depress growth.' The report added that unemployment would rise, the Treasury would be knocked by lower tax revenue and the United Kingdom could 'fall into recession very quickly".

Ahead of the talks, Raab said in a Daily Telegraph article: "No one should pretend that no deal would be straightforward".

If a deal is secured, surcharge-free roaming will continue during the transition period but arrangements after that are dependent on the outcome of the negotiations on the Future Economic Partnership.

But a technical paper released by the Department for Business, Energy & Industrial Strategy (BEIS) went further, warning the United Kingdom would "no longer play any part in the development of Galileo" or the related European Geostationary Navigation Overlay (EGNO) system.

Labour MP Ian Murray, a member of the campaign for another referendum, said: "Nobody voted to make Britain poorer, to diminish our national influence or to ruin their holidays".

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