'No deal' Brexit could cost UK, EU companies £58bn
13 March 2018

A 'no-deal Brexit' could leave companies in Britain and the EU facing an extra £58 billion in annual costs - with the financial sector set to be the worst-hit industry, according to a new report by Oliver Wyman management consultants and law firm Clifford Chance. Firms across the EU’s 27 countries other than Britain will have to pay £31 billion a year in tariff and non-tariff barriers if Britain leaves the bloc without a deal. British exporters to the EU will in return have to pay £27 billion a year, the report states.  

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