UK To Slash Tariffs In Event Of No-Deal Brexit

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Posted: Mar 07, 2019 10:32 AM
UK To Slash Tariffs In Event Of No-Deal Brexit

Source: AP Photo/Kristy Wigglesworth

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 no-deal Brexit (WTO-deal actually), it will be the single biggest liberalization of trade in British history, and most likely the world.

Without a doubt, this is a huge advantage for UK consumers and an unparalleled opportunity.

Meanwhile, it's B minus 23 days and counting.