60% of UK trade is still exposed to a Brexit shock
London (CNN Business)If nothing changes in the next 45 days, the United Kingdom will crash out of the European Union with as much as 60% of its trade at risk of disruption.
Leaving the European Union without a deal means losing preferential access to the bloc’s vast market, putting nearly half of UK trade at risk from higher tariffs and other costs.
A messy divorce would also shut Britain out of 40 additional trade agreements the European Union has with its trading partners. The deals cover roughly 70 countries and account for 13% of UK trade.
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