In the case of the departure from the European Union without an agreement, the UK government is going to lift almost all import duties. British media reported that 80 percent of imports are currently being imported without charges, but that is on average 87 percent after the no-deal brexit in government plans.
For EU countries, import duties are imposed under such circumstances, unlike now. According to plans, London will introduce import duties on an estimated 18 percent of goods imported from the EU after a chaotic brexit.
The no-deal Brexit can work well for exporters who have British customers and are not based in the EU. In the plans of the British government, the percentage of goods imported without import tariffs from those countries rises to 92 percent. That percentage is now 56 percent.
The government has also announced that, after a no-deal Brexit, it will not be carrying out any checks on the border between the British Northern Ireland and EU member Ireland.
On Wednesday evening the British parliament will vote around 8 p.m. on whether a no-deal Brexit should be prevented in any way. It is likely that a large majority of the Lower House votes ‘yes’.