Leaving EU without deal would not be a disaster, says thinktank

Institute for Economic Affairs says UK should resort to WTO rules and strike free trade agreements with trading partners Leaving the European Union without a deal in place would not spell disaster for the UK economy, according to a free market thinktank advocating trade with the rest of the world over a “hamstrung” deal with Brussels. Despite repeated warnings that leaving without an agreement would hurt British companies and consumers, the report from the Institute of Economic Affairs, published on Friday, says the UK could remove all import barriers to achieve lower prices for consumers, increased productivity and higher wages. Continue reading…
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