British sweet and chocolate makers could face a 30% “sugar tax” if the UK left the European Union , a government analysis of “Brexit” warns. Ministers have produced the first official analysis of what would happen if the UK voted to leave the European Union at the June 23 referendum. The “dossier” has already been criticised as “Project Fear” writ large since it warns “Brexit” would lead to a "decade of uncertainty". David Cameron, who is campaigning to stay "In" The document makes a series of arguments, contested by “out” campaigners, over the negative impact on jobs, trade and free movement. One of the most striking suggestions is that British companies that export goods would face paying a new premium to trade with the EU. Currently, British companies pay no levy on exports to the EU. But if the UK voted to leave, and no new agreement could be signed off, exports would have to abide by World Trade Organisation (WTO) rules, which would mean a “significant” hit for exporters, the document says. It lists sugars and confectionery as facing a tariff of almost 30% and beverages and tobacco of more than 20%. Graphic from government dossier suggesting tariffs UK exporters would face under 'Brexit' A senior government source told HuffPost UK: “It underlines the uncertainty our businesses and economy will face as no-one knows what Leave looks like. Does it mean full access to single market? Or is it some sort of Canadian-style free trad
from Breaking News http://ift.tt/1KY8Jh9
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