EU’s Barnier urges business to be ready to manage Brexit costs in 20 months’ time

The European Union’s (EU) Chief Brexit Negotiator Barnier was on the wires last hour, via Reuters, talking on the Brexit deal.

Key Headlines:

EU ready for "no deal" with UK

But sees "no reasonable justification" for such damaging Brexit

"Frictionless trade" only possible if UK remained in both EU single market and customs union

Cites agri-food, airbus' air.pa welsh unit as UK businesses likely to suffer post-Brexit trade "friction"

"Time flies", urges business to be ready to manage Brexit costs in 20 months’ time