Without a deal, the country’s departure from the European Union will be a disaster.

Dmitry Grozoubinski is our guest this week to talk about what the hell a "WTO terms deal" is(n't), and we weigh up the risks and chances of a disorderly Brexit. Plus easily the sexiest Lie of the Week ever.

Customs expert says extra costs and delays will harm small businesses and WTO rules would ‘kill UK farming’

[This post will] provide a detailed analysis of an article written by David (now Lord) Frost in this week’s Sunday Telegraph.

'It is hard to predict how full Brexit would play out, because this scale of multiple simultaneous renegotiations of global trade agreements is unprecedented – and no country has ever left the EU. It certainly can’t be assumed that Britain is bound to get quick and good deals because it is a large economy.'

Either Boris Johnson is trying to bamboozle the public with jargon or he just doesn’t get the basics of how global trade works. Both are bad omens for the man who is likely to be our next prime minister and tasked with navigating a way through the Brexit mess.

It is highly uncertain what the UK’s future would look like outside the European Union (EU), which makes ‘Brexit’ a leap into the unknown. This report reviews the advantages and drawbacks of the most likely options.

The so-called Most Favoured Nation (MFN) clause contained in several of the EU’s existing trade agreements, could also limit the extent of concessions granted by Brussels to the UK. / This Briefing Paper explains what the MFN clause is and why it could be problematic for the UK. It maps out which EU agreements contain MFN clauses, their scope and the various exceptions they contain.

The tariffs on over half of products have changed, but the weighted average tariff on goods imported from ‘MFN’ countries has fallen only from 2.1% to 1.5% (excluding non ad-valorem tariffs). Given that any difference between the UK and EU tariffs may create administrative problems ... there is room to ask whether this has been a net gain.

No Deal could put more than 50% of UK farms out of business - New report launches 'Farmers for a People's Vote'.

Supporters of Brexit are “completely wrong” if they think recourse to an obscure trade rule will stop tariffs springing up overnight if Britain leaves the European Union without a deal, EU Trade Commissioner Cecilia Malmstrom said on Friday.

The prospect of the UK formulating its own trade policy following Brexit is likely to have implications for the existing Economic Partnership Agreements (EPAs) between the European Union (EU) and some African, Caribbean and Pacific (ACP) countries, and the UK’s future trading arrangements with the ACP.

A website called the London Economic thinks it has dug the dirt on Brexit poster boy Jacob Rees-Mogg. It says he is in line for a “huge personal windfall” when Britain leaves the single market.

This issue of Commonwealth Trade Hot Topics analyses ‘Brexit’ – the UK’s departure from the European Union (EU) – and shows that the effects for some Commonwealth countries may be severe unless specific actions are taken to avoid this.

'Yet a no deal outcome would still have profound implications for the uK. as we analyse in what follows, from trade to connectivity to foreign policy to cooperation in policing, a failure to strike an agreement with the eu will impact on us in numerous ways.'

With negotiations between the UK and the European Union (EU) - over a trade agreement - going down to the wire, the possibility of there being no deal is being talked about.

UK’s move was not sought by either the EU or the Irish government.

Deep into January 2019, as the Brexit clock counted down to mere days, an obscure and unnecessary World Trade Organization (WTO) rule was dragged into the heated public debate about Brexit...