No deal Brexit to damage the economy - report
A 'no-deal' Brexit would lead to severe disruption and pose a fundamental risk to the competitiveness of key sectors of the UK economy.
That's according to a report by MPs on the Committee on Exiting the European Union.
Leaving without a deal would put jobs and livelihoods at risk and represent 'a sudden rupture for the closely entwined economies of the UK and the EU27, the report warns.
It also says that the UK could not rely on Article XXIV of the GATT to maintain tariff-free trade arrangements, which is contrary to some claims by proponents of a no-deal exit.
The committee concludes that a non-cooperative 'no-deal' cannot be the desired end state for UK-EU economic relations.
Published: by Radio NewsHub