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No-deal Brexit trading would be highly disruptive

Content type:: Expert Briefings
Location:: EU-UK
Keywords associated with this article:: Geographic: United Kingdom EU EUR France Northern Ireland EU-UK

Topical: economy industry international relations politics social foreign policy foreign trade government party agriculture banking border conflict finance fiscal growth manufacturing regulation retail services talks technology transport
ISSN:: 2633-304X
Citation:: Oxford Analytica (2019), "No-deal Brexit trading would be highly disruptive", Expert Briefings.
https://doi.org/10.1108/OXAN-DB245204

Tuesday, July 16, 2019

Subject

Brexit and trade.

Significance

As both candidates for the Conservative Party leadership say they would countenance the United Kingdom leaving the EU without a deal on October 31, the likelihood of a no-deal Brexit is increasing.

Impacts

A no-deal Brexit would leave the legal status of UK citizens residing in the rest of the EU uncertain.
It would cause the pound to depreciate, partially offsetting tariffs and the costs of customs procedures.
The EU will likely insist that any future trade agreement is contingent on London fulfilling its financial obligations for leaving the bloc.

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