Catalonia has much of the paraphernalia of statehood, but seceding from Spain – as Britain’s Brexit process has shown – won’t be straightforward

The immediate practical consequences of Catalan independence – like those of the UK crashing out of the EU without a deal – would have far-reaching implications for the region, its businesses and its people.

As with warnings of City firms fleeing a hard Brexit, industry is already alarmed: half a dozen Spanish companies, including major banks, are moving their registered head offices to guarantee access to their domestic and wider EU markets.

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