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U.K. Government to Cancel No-Deal Brexit Ferry Contracts
The U.K. government has canceled contracts it signed to secure additional ferry capacity in the event of a no-deal Brexit, according to a person familiar with the matter. The ferry contracts were meant to guard against shortages of key items like medicines and spare parts for the energy sector and essential chemicals if the U.K. left the European Union without an agreement. But the government has been plagued with problems over their terms and implementation. In February, the department scrapped a 13.8 million-pound ($18 million) deal with Seaborne Freight, which had no ships and no trading history, after the company ... (full story)