No-deal Brexit could bring driving licence ramifications

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

"And even in the event of a no-deal Brexit, it's not to say there will be nothing done".

Traders say many investors are reluctant to take out big directional bets on sterling because of the uncertainty about where the Brexit negotiations are headed.

Thursday's technical paper added: "In the unlikely event of the United Kingdom leaving the EU without a negotiated agreement, the majority of position, navigation and timing services provided by Galileo and European Geostationary Navigation Overlay will continue to be freely available to all UK-based users".

The potential consequences of a no-deal Brexit were spelled out by Bank of England governor Mark Carney at a special meeting of the Cabinet when he warned ministers of a 35% crash in house prices over three years in a worst case scenario.

European Union citizens wishing to drive in the United Kingdom will not face similar requirements.

They follow a similar batch published last month, which are meant to inform businesses and citizens on steps they would need to take in the event of a no deal.

European Commission President Jean-Claude Juncker said Wednesday that EU negotiators "stand ready to work day and night to reach a deal".

Regarding the EU Earth observation programme Copernicus, the papers said that in a no-deal scenario, the United Kingdom will no longer be able to participate in it or have a role in how it is run.

British officials have said their problems with the EU-proposed backstop go beyond language and point out that Prime Minister Theresa May's Northern Irish allies in the British Parliament, the Democratic Unionist Party, would not be easily mollified.

"We have coughed up £10bn net to pay for nice roads, and public services, and teachers all around Europe, and they really, really need that money, so we have a bargaining chip".

But pro-Brexit Environment Secretary Michael Gove said Wednesday that speculation about a leadership challenge is just "loose talk". There were warnings of extra paperwork at borders and extra credit card charges for Britons visiting the EU.

"They also illustrate the extent of the disruption consumers can expect if ideology wins over evidence". "That is why we must have a people's vote on the final Brexit deal".

Now, the government has further said that services reliant on European Union membership - like access to space programs - will be affected.

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