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The EU’s chief negotiator said firms and citizens have just five months to prepare for Britain leaving the bloc’s single market and customs union. The Frenchman said: “The Brexit transition ends on December 31. In five months, the UK leaves the EU’s single market and customs union. Changes are inevitable, with or without an agreement on the new partnership. Companies and citizens must get ready.”

The European Commission has issued a 39-page dossier of preparations businesses and citizens needs to make before the end of the year.

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