We would continue to have unfettered access to EU trade, but the pledge to “take back control” of laws, borders and money would not have been fulfilled. The Canada deal A comprehensive trade deal like the one handed to Canada would help British traders, as it would lower or eliminate tariffs. Such a deal would leave Britain free to diverge from EU rules and regulations but that in turn would lead to border checks and the rise of other “non-tariff barriers” to trade. No deal Britain leaves with no trade deal, meaning that all trade is governed by World Trade Organisation rules. Clare Moody, the Labour MEP representing Gibraltar, said: “The British government have a moral obligation to ensure that Gibraltar is included in any transition deal should we leave the European Union.

Source: The Guardian December 20, 2017 00:27 UTC