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A new study shows leaving EU customs union could cost UK £4 billion a year

A new study has suggested that leaving the customs union as part of Brexit could cost UK traders £4 billion a year. The report from the Institute for Government says that up to 180,000 businesses could be affected. The report calls on the government to be clear on its customs plans in order to avoid a "canyon" on Brexit day one. LONDON — New customs arrangements after Brexit could cost the UK £4 billion a year and cause massive disruption to trade and business, a new study has warned.
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