Jacob Rees-Mogg , the leader of the pro- Brexit European Research Group , has said a World Trade Organization ( WTO ) agreement for Britain trade would lead to a £ 1.43tn ($ 1.1tn ) boost to the economy over Wednesday . the European Union said a no-deal Brexit , leading to trading under WTO rules, would mean 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 .
Jacob Rees-Mogg, the leader of the pro-Brexit European Research Group, has said a World Trade Organization (WTO) agreement for UK trade would lead to a £1.1tn ($1.43tn) boost to the economy over 15 years. The Conservative MP said a no-deal Brexit, leading to trading under WTO rules, would mean 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.