Hard Brexit highly damaging, says former top civil servant

No bespoke trade deal can be as good as the single market, says Sir Martin Donnelly

There is no trade deal on offer from the European Union that will stop Britain taking a major economic hit after Brexit, the government’s former top trade official has warned.

In a direct warning to MPs, Sir Martin Donnelly, the chief civil servant in Liam Fox’s Department for International Trade until earlier this year, states that leaving the single market in favour of negotiating a long-winded, Canada-style trade deal will “damage UK competitiveness and leave us with less investment, lower living standards and long queues at the border”.

Related: We shouldn’t even be contemplating leaving the single market

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‘No fireworks’ at NAFTA talks, but few signs of progress

MEXICO CITY (Reuters) – Negotiations in Mexico to update NAFTA have not made much progress on tough U.S. demands that could sink the 1994 trade pact but the current round of talks are progressing with civility, a well-placed source said on Saturday.

‘No fireworks’ at NAFTA talks, but few signs of progress: source

MEXICO CITY (Reuters) – Negotiators at high stakes talks to update NAFTA have so far kept their tempers but are not making much progress on tough U.S. demands that could sink the 1994 trade pact, a well-placed source said on Saturday.

Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal – source

BRUSSELS (Reuters) – U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said.

Honda recalling 900,000 minivans because seats may tip forward

WASHINGTON (Reuters) – Honda Motor Co said on Saturday that it was recalling about 900,000 minivans because second-row seats may tip forward if not properly latched after being adjusted.

Honda recalling 900,000 minivans because seats may tip forward

WASHINGTON (Reuters) – Honda Motor Co said on Saturday that it was recalling about 900,000 minivans because second-row seats may tip forward if not properly latched after being adjusted.