The inclusion of cuts in the UK’s announcement of No-Deal Tariffs sent headline writers scrabbling up idiot mountain, each racing to beat the next and plant a flag at peak idiocy by claiming prices were going to plummet or skyrocket.
Read MoreSome WTO Members have objected to the UK's draft version of its tariff commitments, but this doesn't mean the UK can't trade, doesn't mean the UK isn't a WTO Member, and likely won't impact your life. It could make negotiating FTAs a little bit more difficult, but not fatally so. It also has nothing to do with the 'WTO Option'.
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