Leaving the EU without a deal and falling back on WTO rules would mean paying customs duties on British exports to the EU. Guardian calculations put the annual bill at $7.6bn just in tariff costs. Here’s why:
We calculated the cost in customs duties for each product if Britain carried on exporting to the EU as in 2015 but without a deal. The total bill is $7.6bn, but the pain is not felt equally by all industries, nor by exporters to all destinations.
Source: | The Guardian