The National Audit Office says Britain will “pay the price” of a no-deal Brexit because complicated new border controls may not be ready in time,.

Thousands of UK exporters did not have enough time to prepare for new border rules, the government watchdog has warned.

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Department store group Debenhams is expected to announce it will close 50 of its 166 stores as it prepares to reveal a record £500m- with the loss of about 4,000 jobs.

The  chain has previously said 10 stores were earmarked for closure over the next five years but has raised that target.