Why GATT 24 won’t help a no-deal Brexit UK

Unicorns are still running free in the Tory leadership contest and some candidates seem determined to keep chasing them — particularly when it comes to how the U.K. would fare in a no-deal scenario.
A line from front-runner Boris Johnson during the leadership debate on Tuesday was a case in point. He was challenged by Rory Stewart — who was knocked out of the race Wednesday — over colossal tariffs on lamb if the U.K. leaves the EU without a deal. Johnson resurrected a WTO myth that has had trade wonks pulling their hair out for months.
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