No Brexit deal would be "bad" for Britain, Liam Fox admits

Liam Fox has admitted that a failure to secure a Brexit deal would damage the UK economy.

The International Trade Secretary said Britain and Europe would suffer if Theresa May came back from the talks empty handed.

The Prime Minister has warned she is prepared to walk away from the negotiations rather than take a “bad deal.”

MPs have warned that a failure to strike a deal would be disastrous at it would mean falling back on World Trade Organisation rules. These would see the UK paying tariffs on 90% of exports to the EU, including 10%

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