Sense of realisation kicking in, confusion within government

With Article 50 triggered, a sense of realisation is kicking in. Economists agree that even the most optimistic scenarios for trade agreements, based on either the Norway model (EEA) or the Switzerland model (EFTA) will have a cost implication, while a worst case World Trade Agreement model would see 10% tariffs introduced overnight. Even this, though, will not necessarily send the economy into decline.

These were some of the key messages of an Auto Retail Network conference focusing on the UK automotive retail market post-Brexit.

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