UK to start work on satellite system to rival EUs Galileo

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"But we must be ready".

Raab said he had "every reason to believe" a "reciprocal" arrangement would be made with the European Union, but "we will be ready if our expectations are not met".

"The overarching aim of the notices is to facilitate the smooth, continued, functioning of business, transport, infrastructure, research, aid programmes and funding streams that have previously come from the EU", Raab said.

Raab will say that in some cases Britain will take unilateral action to maintain continuity in the event of a no-deal Brexit.

A total of 25 notices were released yesterday.

"The Brexit Secretary, Dominic Raab MP, in his speech announcing the notices, sought to dispel wilder claims in the press about the Government's plans, for example in relation to the military being used to ensure the security of food supplies".

Mr Lidington said the publication of the technical notices should not be taken as a sign that the United Kingdom government expected such an outcome.

The Department for Environment, Food and Rural Affairs and the devolved administrations are preparing domestic legislation (through the Withdrawal Bill) to ensure the United Kingdom has the ability in law to continue the operation of support in a "no deal" scenario.

A financial services document warned that United Kingdom banks would likely lose access to European Union payments systems and "customers could face increased costs and slower processing times for euro transactions". They could struggle to do so after a no-deal Brexit, because "passporting" rights for service companies within the single market will end, and no new agreement will replace them.

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The Daily Telegraph said the "most controversial" of the papers is on financial services, with the government warning that the "cost of card payments between the United Kingdom and the EU will likely increase" after Britain leaves the European Union.

The Government said clients across the European Economic Area would no longer be able to use the services of UK-based investment banks, while cross-border contracts may no longer be valid. "This would allow the United Kingdom firm to offer new services after exit through its EEA subsidiary, and in some cases existing contracts could be transferred to the new entity".

"We can only describe, as we did yesterday, what we can do within the powers that we as a United Kingdom government have".

However, if access to the regime is lost, UK-based firms will be unable to make the payments, while EEA-based firms will be unable to pay into United Kingdom bank accounts. "We urge the EU Commission to do the same".

Brussels has insisted that the United Kingdom can not remain a full member of the Galileo system for security reasons following its departure from the EU.

"Obviously insurers want to meet their commitments to their customers, but this problem has the potential to affect millions of insurance customers, including United Kingdom pensioners overseas", he stated.

Those projects may no longer be eligible for funding from the United Kingdom, and may not meet Horizon 2020 rules, either.

Pharma companies are already drawing up contingency plans for a no-deal scenario, and regulators have warned that this is a prudent course of action given the slow pace of negotiations. And there is no guarantee about their rights under a "no-deal" scenario. UK Finance is the trade association for the finance and banking industry operating in the UK.

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