News / Brexit with no trade deal will prove more expensive for EU exporters, says report

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European exporters have more to lose than their UK counterparts if the country leaves the EU without a freetrade deal in place, according to a new report by Civitas.

Analysing potential tariffs under World Trade Organization terms, the think-tank found that European companies seeking access to the UK market would be liable for £12.9bn a year, more than double the £5.2bn cost for the UK’s access to the continent.

Report author Justin Protts said the figures were a reflection of the current ...