Brexit When the United Kingdom officially leaves the European Union in eight months, things could get ugly -- if the UK hasn't hammered out a deal with the 28-nation trading bloc. Divorce negotiations between the UK and EU are moving slowly, and many industries are sounding the alarm. People are worried that without a transition deal when the UK leaves in March 2019, the country will be hit with new tariffs and have to deal with delays of people and products at its borders. That could lead to food shortages and price hikes, because Britain imports half its food. Disruptions in the supply chain could idle production at plants that make cars and planes. Companies may not be able to move staff between the EU and the UK. Britain said it will issue notices over the next two months to prepare businesses and citizens for a potential "messy" EU split. |
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