With or without EU?

With or without EU?

Mapping UK trade policy after Brexit

The new Prime Minister’s delphic pronouncement that “Brexit means Brexit” leaves open a range of options. Under a “hard” scenario, the UK would depend, initially at least, for access to overseas markets on membership of the World Trade Organisation (WTO). This bulletin in our post-referendum series explores the possibilities – and limitations – provided by such an outcome, including the impact on different sectors of the economy.

While various options open the possibility of bilateral deals with non-EU countries, we explain why the UK must give priority to preserving as much as possible of the deep integration it has secured with its biggest trading partner.

Mapping UK trade policy after Brexit