Meanwhile Mr Davis, the former Brexit secretary, will on Wednesday speak at an event which will focus on the Irish border, and Mr Rees Mogg said ERG papers on other elements of Brexit may be published “in due course”. Mr Rees-Mogg told Tuesday's meeting that the Northern Ireland border question is "the only thing that is obstructing" a free trade agreement dubbed "Canada-plus" with the EU. Downing Street insisted on Monday that Chequers is “the only plan on the table which will deliver on the will of the British people while avoiding a hard border in Northern Ireland”. In Slovenia, Michel Barnier, the EU’s chief Brexit negotiator, told a conference it was “realistic” to believe a deal can be reached on Britain’s withdrawal from the EU by the end of October. Such a deal would include an agreement on the Irish border but would not include the terms of Britain’s future trading relationship with the EU.
Jacob Rees - Mogg , the leader of the pro - EU European Research Group , has said a World Trade Organization ( WTO ) agreement for UK trade would lead to a £ 1.1tn ( $ 1 ) boost to the economy over 15 years . The Conservative MP said a no - deal Brexit , leading to trading under WTO rules , meant that prices for food and footwear would drop by up to 8 % , benefiting the less well - off . He added trade with WTO countries had grown four times faster than with the European Union .