'No deal' Brexit could cost UK, EU companies 58 billion pounds: report

Companies in Britain and the European Union face an extra 58 billion pounds ($80 billion) in annual costs if there is a no-deal Brexit, with Britain’s vast financial sector set to be the worst-hit industry, according to a report on Monday. Firms across the EU’s 27 countries other than Britain will have to pay 31 billion pounds a year in tariff and non-tariff barriers if Britain leaves the bloc without a deal, the report by Oliver Wyman management consultants and law firm Clifford Chance said.
Read more: https://www.reuters.com/article/us-britain-eu-trade/no-deal-brexit-could-cost-uk-eu-companies-58-billion-pounds-report-idUSKCN1GO00N??source=Snapzu