Magazine
Latest Issue

Would British trade thrive on WTO terms? Absolutely not

Brexiteer arguments on free trade are riddled with basic misunderstandings

By Guy de Jonquières  

Photo: Stefan Rousseau/PA Wire/PA Images

As the faltering progress of the UK’s negotiations with Brussels increases the risk of a disorderly “no deal” Brexit next March, Leave politicians such as Jacob Rees-Mogg, Peter Lilley and Nigel Lawson insist there is no need to worry. If Britain crashes out of the European Union, they say, it can trade perfectly well by falling back on the World Trade Organisation.

Their argument was summed up recently by John Longworth, Co-Chairman of Leave Means Leave and former head of the British Chambers of…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect