Securing a comprehensive new economic relationship between the UK and the EU matters for the whole economy. Without this new relationship, and a transitional arrangement that provides certainty until this new relationship is in force, businesses in every sector will face a serious economic cliff-edge.
The CBI has analysed two types of barriers that UK companies would face if negotiators fail to secure to a deal: tariffs on goods trade, and non-tariff barriers which make trade in both goods and services more complicated and costly. Without a deal, businesses will face both tariff and non-tariff barriers – and some industries will face greater challenges than others.
To read full details, download the pdf here
For more information on Brexit, visit the CBI's Brexit and EU Negotiations hub here