Bloomberg:
'No Deal' With EU No Disaster for Post-Brexit U.K., Says Report
18 August 2017
“Compared to an outcome in which the U.K. and the EU traded under WTO terms, there would be benefits for the U.K. to unilaterally liberalizing as it would reduce the cost of imports,” said Thomas Sampson, an economist at the London School of Economics, who hadn’t seen the IEA report. “The cost is you’re giving away the bargaining chip that you would normally use to get concessions out of the EU.”