Mitigating the impact of tariffs on UK-EU trade

This Civitas study published in January 2017 demonstrates how UK exporters could be compensated if Britain leaves the EU without having agreed a free trade deal with its remaining members.

An £8.8bn package of support, built around R&D credits, support for disadvantaged regions and reducing electricity costs would be WTO-compliant and offset tariff costs

Such a scheme would form the bedrock of a post-Brexit industrial strategy and be funded entirely from tariffs levied on EU exports into Britain, estimated to be almost £13bn.

Civitas: Research Areas: Europe http://www.civitas.org.uk/europe/index.php

Civitas: Publication, January 2017: Mitigating the impact of tariffs on UK-EU trade http://www.civitas.org.uk/publications/mitigating-the-impact-of-tariffs-on-uk-eu-trade/

Civitas: Press Release, 09.01.17: British business need have little to fear from EU tariff barriers http://www.civitas.org.uk/press/british-business-need-have-little-to-fear-from-eu-tariff-barriers/

Civitas: Publication, October 2016: Potential post-Brexit tariff costs for EU-UK trade (Justin Protts) http://www.civitas.org.uk/reports_articles/potential-post-brexit-tariff-costs-for-eu-uk-trade/

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