Why Britain should not fear a WTO Brexit, according to Lord Lilley

In a report sent to Members of Parliament (MP) on Monday, Brexiteer and former Conservative MP Lord Peter Lilley offered a list of thirty reasons why the United Kingdom should embrace a “no deal”. He is in favour of leaving the European Union (EU) on World Trade Organization (WTO) terms.

  1. It will allow the UK to cash in, not crash out - the UK will not have to pay the £39billion divorce bill

  2. It avoids the corrosive uncertainty which the transition period would bring

  3. The UK will be able to use administrative measures to solve Irish border issue, without the need for a backstop

  4. After resolving the Irish border issue, the UK as a whole will be able to enter a Canada +++ style free trade deal, such as the one suggested by Donald Tusk

  5. WTO is a safe haven, not a hard option. Six of the EU’s top 10 trading partners trade under WTO rules

  6. UK exports to countries trading on WTO terms have grown 3x faster than to the Single Market

  7. EU tariffs on exports from the UK would amount to less than half the UK’s current net contribution to the EU budget

  8. The UK is already a WTO member so would not need to rejoin it

  9. We can start to trade on the new tariff schedules as soon as we leave, without waiting for agreement from other WTO members

  10. The UK is making good progress in replicating the EU’s most important preferential trade arrangements. Switzerland has already agreed to carry over existing preferences

  11. The UK could take up Japan’s invitation to join the Trans-Pacific Partnership

  12. Bilateral trade deals do not have to take a long time to renegotiate. The average renegotiation time is 28 months

  13. “Micro” trade agreements will not be a big issue

  14. Scares about delays to imports are ‘ludicrous’, because Britain will control its borders

  15. There will be no medicine shortages

  16. There will be no food shortages

  17. Manufacturing supply chains and other goods deliveries will not be significantly affected

  18. The UK will not run out of clean water

  19. HMRC’s computer systems will be able to handle extra customs declarations, even if its new system is not fully online

  20. France is determined to prevent delays at Calais for fear of losing trade to Belgian and Dutch port

  21. A new traffic routing system will prevent serious delays to incoming lorrie

  22. Planes will continue to fly to and from the EU

  23. Planes will continue to fly to the US and elsewhere

  24. Aircraft manufacturers will still be able to export parts, such as Airbus wings, despite claims to the contrary

  25. British haulage companies will still be able to operate between the UK and the EU

  26. Trade in animals, plants and food will continue after Brexit

  27. UK citizens will not face high mobile phone roaming charges when travelling to the EU

  28. UK car manufacturers have obtained approvals to sell their models to the EU

  29. New VAT rules will not affect the cash flow of importers

  30. British opera singers, musicians and other performers will still be able to tour the EU

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