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Dublin/Brussels — EU officials are telling businesses that the chances of a no-deal Brexit are as high as 50% and are urging companies to ramp up their contingency plans, a person familiar with the matter said. Despite new UK proposals to stay close to the bloc on trade and regulations, European officials remain extremely negative on the prospects of a deal, according to the person, who asked not to be identified as contacts with business are happening in private. Officials say the chances of no deal have risen significantly over the past three months, and warnings about that prospect have moved to the top of the agenda in meetings with business representatives, the person said. European Commission officials are meeting business groups to discuss the consequences of failing to reach an accord with the UK, a second person said, amid concern that companies aren’t doing enough to prepare. The EU has also urged companies publicly to step up their efforts and has said the bloc’s institut...

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