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By Mark Wadsworth blog
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Friday, October 14, 2016 14:01
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As well as the BRC getting it wrong about tariffs under the WTO rules, they appear to have got it wrong about “falling back on to WTO rules” as well.

The problem, as outlined here, is that the UK isn’t a full member of the WTO in its own right, but only through the EU, and so leaving the EU and “falling back on to WTO rules” would not be a quick or a simple process. The WTO may be “an advisory/co-ordinating body rather than a supra-national quasi-government”, as Mark points out, but it is still bureaucratic and operates by consensus, which means everyone has a veto.

So let’s hope that we manage to remain part of EFTA and the Tories don’t cock that up as well.


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