UK To Slash Tariffs In Event Of No-Deal Brexit: Clock Winds Down To 23 Days
Looking for another reason to favor a no-deal Brexit? I have one: Consumers will benefit massively.
If the UK leaves the EU without a deal the government will slash 80% to 90% of the tariff positions down to zero. Those tariffs are currently required by the EU.
In the event of a nod-deal Brexit (WTO-deal actually), it will be the single biggest liberalization of trade in British history, and most likely the world.
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Without a doubt, this is a huge advantage for UK consumers and an unparalleled opportunity.
Meanwhile, it's B minus 23 days and counting.