Hard Brexit will cost business £1.2bn as a result of lost EU FTAs

Research for Open Britain shows the cost of the UK losing access to the European Union’s Free Trade Agreements (FTAs) with over 50 countries across the world. Importers in the UK would face an additional £1.2 billion in the costs of importing goods from these countries. The industries that would be hit worst would be clothing; transport equipment; fruit and vegetable; fish; chemicals; minerals and metals; petroleum; and textiles.

You can read the report in full here: https://d3n8a8pro7vhmx.cloudfront.net/in/pages/11414/attachments/original/1478799409/Open_Britain_Tariffs_Research_-_Imports_FINAL.pdf?1478799409