Brexit will set UK back £11bn in EU trade costs, research finds

Businesses and consumers will pay heavy price if UK forced to trade by WTO rules and not free trade agreement, says Lord Rose

Britain would be landed with 11bn in new tariffs if it left the EU and did not get a free trade agreement, according to the leader of the group campaigning to stay in. Lord Rose, who heads Britain Stronger in Europe, published research suggesting that the UK would have to begin trading with the EU using World Trade Organisation rules, which would cost businesses and consumers more.

Speaking as David Cameron heads to Brussels for two days of talks on Britain's future in the EU, the businessman said that the campaigns arguing that Britain should leave the EU are proposing a specific deal: ending all budget contributions, ending free movement and repatriating economic regulations while retaining full access to the single market.

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