@Walter Hinteler,
The Vote Leave’s website said during the referendum campaign: “We will have a new UK-EU treaty based on free trade.”
But today, David Davis, the Brexit secretary, has admitted the UK could have to revert to World Trade Organisation tariffs if it leaves the EU without having struck a trade deal with the bloc.
Davis told a Commons foreign affairs committee hearing on Tuesday: “If you’re after a factual statement of what the outcome could be, I guess it’s what is commonly known in the world at large as World Trade Organisation rules.
“That’s, I guess, the conclusion of what the situation would be if we were outside the union with no deal. But I would not want anyone to think that that was in my view a very likely outcome.” (Source:
David Davis admits possibility of UK exiting EU without trade deal)