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A cliff-edge Brexit could cost British and EU companies £58 billion a year





  • A no deal Brexit could cost UK and EU industry a combined £58 billion per year, according to a joint report from consultants Oliver Wyman, and law firm Clifford Chance.
  • Tariff and non-tariff barriers will cost British exporters as much as £27 billion, while the cost to exporters across the EU could be £31 billion.
  • In Britain, five industries would bear as much as 70% of the burden.

LONDON — British and EU companies face a hit of almost £60 billion per year in the case of a no deal Brexit, according to a joint report from consultants Oliver Wyman, and read more >>>

Source:: BusinessInsider.Com

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