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Lack of free trade deal 'will hit hard'

By Andrew Woodcock

Failure to achieve a comprehensive free trade agreement (FTA) with the European Union would risk "serious harm" to Britain's non-financial service sector after Brexit, a parliamentary report has warned.

Particularly hard-hit could be the aviation and broadcasting industries, which have no World Trade Organisation arrangements to fall back on if Theresa May walks away without a deal, said the House of Lords EU Internal Market Committee.

Without appropriate agreements, UK broadcasters could lose the right to sell programmes into European markets and UK airlines may have to relocate to the continent, the report said.

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