Mr Raymond was responding to claims published by economist Patrick Minford, who predicted a benefit to the country of £135bn from a “hard Brexit” that eliminated tariffs, and a report from the Institute of Economic Affairs recommending a policy of unilateral free trade once the UK leaves the EU.
UK farmers 'betrayed' by government's Brexit tariff plans that risk flooding UK with lower-quality imported food
08/10/2019
British goods face tariffs of up to 60 per cent while many imports won't be charged any under latest Tory plans.
No-Deal Brexit Tariffs Will 'Destroy' British Firms And 'Betray' Farmers, Say Industry Leaders
08/10/2019
Labour says the government "fiddling while Rome burns" as business groups complain they were ignored.
Andrew Percy attacks ‘cack-handed’ move to scrap import tariffs if UK crashes out in October – triggering Ottawa’s refusal to ‘roll over’ existing EU deal.
Tariffs will be cut to zero on 87% of imports to the UK as part of a temporary no-deal plan but prices of some imports including meat, shoes, underpants and cars will go up.
Brexit plan to slash tariffs after no-deal condemned as 'madness' and 'sledgehammer for UK economy'
13/03/2019
Slashing tariffs to zero on the majority of UK imports in the event of a no-deal Brexit will be a “sledgehammer for the economy” and deliver a widespread shock across the country, business groups have warned.
Business Secretary Greg Clark Admits No-Deal Brexit Tariffs Plan Has 'Big Implications' For Industry
06/03/2019
But minister says measures would only be implemented if Britain was on course to crash out of EU.
The Department for International Trade (DIT) intends to cut 80-90% of all tariffs imposed on goods imported into Britain, according to Whitehall sources.
Potteries Industry Would Be 'Decimated' By No-Deal Brexit Zero-Tariff Plan, Say Stoke MPs
23/02/2019
"In a stroke of a pen, the Department of International Trade could kill off one of our oldest and proudest industries."
But cabinet colleague Greg Clark said government must "defend" industries from foreign competition.
No-deal Brexit could see import tariffs slashed to zero under ‘extraordinarily damaging’ government plan
05/02/2019
Proposal branded ‘ultimate betrayal’ – because it would unilaterally open up UK markets to cheaper goods from across the world.
British businesses fear the move could ruin their industries.