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Express: Leading Brexiteer insists Britain will THRIVE on WTO rules

Date: 23 10 2017

‘We will not crash out!’ Leading Brexiteer insists Britain will THRIVE on WTO rules

BREXITEER Richard Tice has claimed there will not be a Brexit cliff edge if Britain is prepared to trade solely under World Trade Organisation (WTO) rules.

The Leave campaigner slammed the “mischief makers” and said that “no deal” does not mean Britain will “crash out”.  

Mr Tice, the Co-Chair of Leave Means Leave told BBC Daily Politics that there is a difference between trading under WTO rules and a “no deal” Brexit.

He said: “In order to allow proper preparations for the alternative plan – plan B, which is WTO. Our view is Christmas. 

“The different deal, the WTO deal, let’s be very clear. You know, the mischief makers on the other side are saying no deal means you crash out. You don’t. If you prepare for it you go to a different type of deal, which is WTO based. 

“And that’s absolutely fine, as a base case. 

“To confirm the clarity that we can’t reach agreement in time we need to prepare, we need to go to WTO.” 

The UK has been a founding member of the WTO since 1995 but it currently negotiates trade deals through the EU. 

But trading under WTO rules post-Brexit could bring up dilemmas, with the UK being faced to pay higher global tariffs and quotas.

Theresa May told the Commons this month that she was preparing for Brexit talks with the EU to fail.

Mrs May said: “While I believe it’s profoundly in all our interests for the negotiation to succeed, it is also our responsibility to prepare for every eventuality and that is exactly what we are doing.”

But following Mrs May’s announcement, EU Parliament President Donald Tusk said on Twitter: “EU27 is not working on “no deal” scenario. We negotiate in good faith and hope for “sufficient progress” by December.”

However, the decision to prepare for a “no deal” scenario has faced criticism from fellow Tory Party MPs. Home Secretary Amber Rudd said a “no deal” is “unthinkable”. She told the Parliament’s home affairs committee: “It is so much in their interest as well as ours.”

October 23rd, 2017: Express