EU trade

Now UK has said in context of Nissan that it wants tariff-free trade, what will EU demand in return?

The former Conservative leader said that every European country has tariff free single market access. This is a drastic oversimplification.

British citizens will have to apply and pay a fee to enter the Schengen zone, with ramifications for tourism and business.

Vote Leave claim there’s a European Free Trade Zone from Iceland to the Russian border. They’re right; it’s called the Single Market.

Leave campaign is split over vision for UK outside the EU. Not only does this presage confusion if they win; neither camp will get its way.

It’s true that cutting trade deal post Brexit won’t be easy, but saying less than 8% of EU exports come to Britain isn’t quite right.

Trade in services is vital for the balance of payments. But leaving the EU risks cutting the our share of a growing and competitive market.