What would trading on WTO terms mean?
The aim of this short report is intended for a non-specialist audience and attempts to spell out in layperson’s terms what such an outcome would mean. We have deliberately not attempted any economic modelling – much of this has already been done elsewhere, including by us. Rather, we seek to assess what WTO terms would mean and particularly what it might mean for the ability of the UK to trade both with the European Union and more broadly.
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