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Old 17.10.2016, 10:46
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

From the ft and from the gone but not forgotten...
Nick Clegg warns of crippling rises in food and wine prices if we leave EU without trade deal.

Mr Clegg, now the Lib Dems’ EU spokesman, will publish a new report warning of crippling trade tariffs (under World Trade Organisation rules the same tariffs will have to be slapped onto products imported from Europe) which will slap 59% onto the price of beef, 40% on cheese, 38% on chocolate and 14% on wine if we do not get a trade deal in two years.

“The only way the Government will be able to avoid this outcome is if it maintains Britain’s membership of the Single Market,” Mr Clegg said.

Source (actually from the Mirror for people who do not want the ft paywall).

I do not really understand this? How will the UK be forced to apply import tariffs especially when we are not yet WTO members? Hopefully somebody here can explain, please?
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