Leaving the European Union with no deal would be “economically damaging” and it would be hard to imagine a worse outcome, according to a report published on Thursday by the House of Lords European Union Select Committee.
Commenting, Stephen Doughty MP, leading supporter of Open Britain, said:
“This devastating report reveals just how destructive no-deal would be for our country.
“Brexit is already making working people worse off, as the value of the pound has collapsed and prices have shot up in the shops. Leaving the European Union without a deal would make this infinitely worse.
“Swingeing tariffs would be levied on our trade with Europe, putting jobs at risk and raising prices still further. There would be customs chaos at our ports, a hard border between the UK and Ireland, and we would cease to cooperate closely with the EU on vital issues like counter-terrorism.
“Liam Fox has said that a deal with the EU would be ‘the easiest in human history’. Nobody voted for no deal. If it looks like a realistic possibility, voters have the right to keep an open mind and stop our economy going over a cliff edge.”