Roderick Abbott

If UK quits EU with no deal, its trade will depend on WTO rules. This would be a hard landing, indeed. Here’s our primer.

Brexiters breezily envisage falling back on WTO rules if trade talks with EU fail. This is a dangerous fallacy. UK would pay a heavy price.

Understanding the priorities of your negotiating partners is more important in getting a good deal.

UK wants a transitional deal to minimise post-Brexit disruption. But Theresa May is going about it the wrong way.

Although we will need to establish a tariff “schedule”, the government plan to mimic existing EU tariffs means there should be little hassle.

With UK seemingly prepared to quit customs union and single market, people are toying with halfway houses. These won’t fit WTO rules.

If we take a liberal stance, problems should be soluble. But unless our tariff policy mimics the EU’s, other WTO states could object.