Delaying EU-UK trade negotiations would cost billions – in the best-case scenario
22 August 2016 Dr Emily Lydgate is a Lecturer in Law in the School of Law, Politics and Sociology at the University of Sussex, and is a member of UKTPO According to government sources at the weekend, the UK probably won’t trigger Article 50 until late 2017. At this point, it is crucial the EU and UK begin negotiating their new trade agreement. Delaying until after Brexit and relying on WTO rules in the meantime would cost the UK billions – in the best case scenario. The worst case would see trade conflicts erupting and negotiations with the rest of the world in indefinite limbo. […]