Theresa May has got a plan if an emergency occurs
The Government on Thursday unveiled the Brexit White Paper which set out the 12 main objectives Mrs May seeks to achieve from quitting the Brussels club.
But tucked away in the 77-page document will reassure the people of Britain their nation’s economy will not take a battering.
It reveals the Government would draft an emergency law to protect the economy in the event that talks break down without the trade deal Mrs May is hoping to negotiate.
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David Davis said the best days are still ahead
The government is clear that no deal for the UK is better than a bad deal for the UK
Brexit white paper
The document reads: “The government is clear that no deal for the UK is better than a bad deal for the UK.
“In any eventuality, we will ensure that our economic and other functions can continue, including by passing legislation as necessary to mitigate the effects of failing to reach a deal.”
The move could be seen as a tactic to avoid repeating the mistake of David Cameron who called June’s referendum without a plan for the UK leaving the EU.
The Brexit paper said the UK could become subject to a new arbitration panel to resolve disputes with the European Union after it removes itself from the jurisdiction of the European Court of Justice.
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The Brexit White Paper was unveiled on Thursday Theresa May's 12 point Brexit plan Mon, January 16, 2017
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Continued cooperation with the EU to tackle terrorism and international crime.
It made clear that Brexit would not happen as an abrupt "cliff-edge" moment, because changes including new immigration controls, customs systems and business regulations would be phased in gradually.
Publishing the white paper yesterday, EU Exit Secretary David Davis told MPs: "Our best days are still ahead of us.
David Davis unveiled the 12-point Brexit plan
He said the 77-page document detailing the Government's 12 aims and objectives for the forthcoming Brexit negotiations confirmed a vision of "an independent and truly global United Kingdom".
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