No-deal Brexit trading would be highly disruptive
Tuesday, July 16, 2019
Brexit and trade.
As both candidates for the Conservative Party leadership say they would countenance the United Kingdom leaving the EU without a deal on October 31, the likelihood of a no-deal Brexit is increasing.
- A no-deal Brexit would leave the legal status of UK citizens residing in the rest of the EU uncertain.
- It would cause the pound to depreciate, partially offsetting tariffs and the costs of customs procedures.
- The EU will likely insist that any future trade agreement is contingent on London fulfilling its financial obligations for leaving the bloc.
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.