trade barriers following a “ no deal ” Brexit deals cost UK householders $ 1,000 ( $ 1,300 ) per year because of tariffs , import barriers , increased paperwork and customs delays , according to a report by consultancy firm mark Wyman . It also said companies like supermarket chains would see profits fall by a third , even after the best possible Brexit deal . Brexit - funded economists said the report was “ alarmist ” , although they admitted there might be a short - term hit from leaving the EU . The government has said it wanted the UK ’s relationship with the EU to be as frictionless as possible .
Trade barriers following a “no deal” Brexit could cost UK householders £1,000 ($1,300) per year because of tariffs, import barriers, increased paperwork and customs delays, according to a report by consultancy firm Oliver Wyman. It also said companies like supermarket chains would see profits fall by a third, even after the best possible Brexit deal. Brexit-supporting economists said the report was “alarmist”, although they admitted there might be a short-term hit from leaving the EU. The government has said it wanted the UK’s relationship with the EU to be as frictionless as possible.