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Brexit Trade Deal Flop Could Mean $80 Billion Price Tag For Businesses

“New analyst estimates say the cost of Brexit without a negotiated trade deal will cost businesses on both sides of negotiations billions of dollars” reports According to news from The Independent on Monday (March 12), a “no-deal Brexit” would cost both U.K. and European Union (EU) businesses a combined $80 billion, according to calculations by Clifford Chance.U.K. companies would be hit with $37.5 billion in costs, while EU firms would take a $43 billion hit.Reports said the U.K. has decided not to remain in a customs union with the EU, which Clifford Chance said would enable companies to avoid these costs.

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