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[This post will] provide a detailed analysis of an article written by David (now Lord) Frost in this week’s Sunday Telegraph.
The tariffs on over half of products have changed, but the weighted average tariff on goods imported from ‘MFN’ countries has fallen only from 2.1% to 1.5% (excluding non ad-valorem tariffs). Given that any difference between the UK and EU tariffs may create administrative problems ... there is room to ask whether this has been a net gain.
Lack of time, an election and regional trade tensions have made agreeing a deal tricky.
'Yet a no deal outcome would still have profound implications for the uK. as we analyse in what follows, from trade to connectivity to foreign policy to cooperation in policing, a failure to strike an agreement with the eu will impact on us in numerous ways.'
Report from pro-EU campaign group warns of significant food price rises and “devasting impact on low-income families” if good deal isn’t reached.
Minister warns of serious impact for food producers, especially vulnerable beef sector.
Government announces which tariffs will change after UK leaves single market.