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Industry leaders fear trading will be harder and more costly without comprehensive deal.
The increases would come from hefty tariffs on imports and the cost of increased border checks on food coming into the country.
Luxury carmaker Bentley (VOWG_p.DE) said free trade with Europe not the United States was its priority as Britain negotiates its new relationship with the European Union...
Non-tariff measures (NTMs) could cause major fractures in post-exit trade relations between the United Kingdom (UK) and the European Union (EU), knocking up to US$32 billion, or 14 per cent, off of UK exports to the EU, according to a new UNCTAD study.
Jobs and industry 'in peril' if they face post-Brexit tariffs and delays, says top Tory.
Retail lobby group says higher tariffs and extensive checks would harm consumers.
European Commission president Ursula von der Leyen pointed out that even Australia wants a better trading relationship with the bloc than the one it currently has.
'For at the same time as attempting to relegate Brexit to distant memory, the government is also claiming all kinds of benefits from “having left the EU”.'
GOODS coming to Britain from the EU will face import controls from January 1 next year, Michael Gove has warned.
The inclusion of cuts in the UK’s announcement of No-Deal Tariffs sent headline writers scrabbling up idiot mountain, each racing to beat the next and plant a flag at peak idiocy by claiming prices were going to plummet or skyrocket.
'I'm not opposed to tariff cuts, but this article which pretends tariffs are levied on the RETAIL price of a good and that consumers will see a 10% saving at the shops from a 10% tariff cut. / Flatly misleading. Trade illiterate.'
Prime minister on course to strike only 'barest of bare bone deals' by end of 2020, think tank concludes - and failing to be upfront about 'trade-offs'.
Non-alignment with EU will mean ‘extra processes’ and not frictionless trade.
Scottish foods that are sold in Europe could be hit by a 50%-plus price hike following Brexit, it has been claimed.
Pascal Canfin says UK’s zero tariff demands will be rejected, amid conflicting messages.
Brussels firms up position and bloc’s unity before tough talks on future relationship with UK.
The UK’s access to the single market will be weakened if it does not continue to sign up to EU rules after Brexit, Ursula von der Leyen has said.
The UK must ensure that it retains access to the Single Market, has an open trading regime and maintains a stable regulatory framework with the European Union to minimise the impact of Brexit on the North East economy. This is the key conclusion of ‘Leaving the European Union’, a report by a powerful regional economic group says today.
Digital services levy due to be imposed on web-based firms like Facebook and Amazon from April.
The Chancellor has warned there will be no alignment with EU regulations after Brexit - despite a pledge being made in the North East by Boris Johnson that standards would be protected.
‘Prepare for the worst’ EU officials tell business after Sajid Javid’s FT interview.
EU trade commissioner Phil Hogan also issues warning over goods and tariffs.
Brussels rules out 'mutual recognition' of regulations between EU and UK ahead of talks.