EU countries liable to pay more tariffs than the UKpublished at 12:21 British Summer Time 24 October 2016
Reality Check
If politicians fail to agree a trade deal, then following Brexit trading between the UK and the European Union would be subject to tariffs. But who would make the most from those tariffs?
A report out this morning from the Civitas think tank says that EU countries would have to pay more.
It's covered in a number of papers, including the Guardian., external
The key paragraph in the Civitas report is: "This is a reflection of the current balance of trade between the EU and the UK. As a net importer of EU goods the UK government would potentially collect over twice as much in tariffs on EU goods than would be levied on UK goods going to the EU."
What it doesn't consider is whether the sales of UK goods in the EU or EU goods in the UK would be affected by these tariffs. Clearly if tariffs were introduced prices would go up, which would be expected to reduce sales of both UK exports and imports. That makes the report a somewhat less useful guide to how trade would look post-Brexit.