Non-EU trade deals can't soften Brexit blow to UK: think tank

London

NEW UK free trade agreements with non-European Union nations won't come close to offsetting the impact of leaving the EU, according to the National Institute of Economic and Social Research.

Based on the structure of existing deals between 42 countries, the benefits of an agreement with the US, Canada, Australia and New Zealand, or with Brazil, Russia, India, Indonesia, China and South Africa, would be "very small compared with the costs from leaving the EU single market", London-based Niesr said in a report.