UK mulls slashing all tariffs to zero if there's a no-deal Brexit

Press quote (Yahoo News)
05 February 2019

Sam Lowe, a senior research fellow at the Centre for European Reform, said that lowering tariffs to zero would potentially counteract some inflationary pressures after a no-deal Brexit scenario. But it wouldn’t be very effective. “Ultimately, at best this would ensure prices wouldn’t rise too much,” he told Yahoo Finance UK. “When you look at the literature, tariff savings are very rarely passed along to the final consumer…But when tariffs go up, that usually does get passed through,” he said.