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answer › answer text	%3Cp%3EThe Government remains focused on ensuring a smooth and orderly withdrawal from the EU with a deal as soon as possible.%3C/p%3E%3Cp%3EIn November 2018, the Government delivered on its commitment to provide appropriate analysis to Parliament with a robust, objective assessment of how exiting the EU may affect the economy of the UK across different EU exit scenarios. The no deal scenario is based on an assessment of the average trade barriers that a country trading on WTO terms faces. Whilst all economic modelling is inherently uncertain, the increase in trade barriers under the modelled no deal scenario is estimated to result in lower UK-EU trade volumes in the long run compared to today%27s arrangements; (1) UK imports from the EU are estimated to be between 34-43%25 lower and (2) UK exports to the EU are estimated to be between 30-40%25 lower.%3C/p%3E%3Cp%3E %3C/p%3E
answering dept id	203

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