The risk of travellers being refused entry to European Union countries following a no-deal Brexit unless they have six months validity on their passport is "appalling", the Scottish Government has said. He warned Theresa May's senior ministers that a chaotic no-deal Brexit could crash house prices and send another financial shock through the economy.
Cross-border mobile phone bills could soar in the event of a no-deal Brexit if the phone companies pass on the costs of higher roaming and data charges that would follow if the United Kingdom crashes out of the EU. "It had been anticipated that a deal might have facilitated a more sensible outcome that involved the United Kingdom courts and competition authorities having "due regard" to CJEU rulings, but it is clear that a "no deal" scenario increases the risk of potential future divergence".
No-deal frenzy in the media was also fuel by a "worse case scenario" warning from Mark Carney, governor of the Bank of England.
Brexit Secretary Dominic Raab told the BBC Thursday that Britain would pay "significantly, substantially" less than the already agreed upon 39 billion pounds ($51 billion) in the event no agreement is reached.
But Moody's Investor Service said the probability of a "no-deal" had risen and such a scenario would damage the economy, especially the automotive, aerospace, airline and chemical sectors. They also have a strong incentive to deny the United Kingdom a deal so attractive it might encourage others to follow the British example.
Pro-Brexit rebels in May's party have become increasingly vocal in their opposition to her Brexit proposals this week, with one former junior minister saying 80 or more of May's lawmakers were prepared to vote against them.
When it comes to passports the government is expected to warn that after Brexit unless a deal is thrashed out then European Union countries may not allow British citizens to enter their countries if they have less than six months left on their passport before it expires.
Raab said that he had "no doubt the uncertainty around the negotiations will have an impact on business" but insisted the overall news for the economy this week was "positive". "We are also continuing our discussions to find common ground on the future relationship". The question of how America will influence the course of Brexit, the expert did not answer.