The EU economy will take a $250billion-a-year hit if there is no trade deal with Britain, a global watchdog warned today. The bloc as a whole would see 1.5 per cent knocked off its GDP – and the impact on Ireland would be much worse at around 4 per cent. The scale of the potential damage to the EU from the collapse of Brexit talks has been underlined in a new report from the International Monetary fund. The dire warning came as new Brexit Secretary Dominic Raab urged more ‘energy and vigour’ in negotiations on his first trip to Brussels to meet Michel Barnier (main picture). A document released by Eurocrats also urged businesses to start preparing for no deal, and raised the prospect of long queues at borders and ports, disruption to planes and new restrictions on data transfers if there is no agreement. Meanwhile, Theresa May (inset) has been visiting Northern Ireland.
Original Article: http://www.dailymail.co.uk/news/article-5969483/Brexit-Secretary-faces-EU-chief-Barnier-time-amid-no-deal-warnings.html
Original Video: http://www.dailymail.co.uk/video/news/video-1730174/Video-Brexit-Secretary-Dominic-Raab-wants-heat-talks-EU.html
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