Trump says Europe is 'being ripped apart' by Brexit

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The UK government said in a statement that in the event of a no-deal Brexit - which means Britain crashing out of the European Union without an agreement and therefore creating a vacuum of where there are no set rules and regulations for businesses to adhere to - the regime is intended to "minimise costs to business and consumers while protecting vulnerable industries".

But Britain would slash tariffs elsewhere on the vast majority of goods entering the country. The UK government has stated that it would closely monitor the effects of these tariffs on the UK economy. This would not involve any infrastructure or checks at the border including in Northern Ireland.

The Government insists that this will not create a border down the Irish Sea, as there will be no checks on goods moving between Northern Ireland and Great Britain.

Prime Minister Theresa May suffered a second, heavy parliamentary defeat on the withdrawal deal she struck with the bloc on Tuesday, leaving open the possibility of an abrupt, economically damaging Brexit without a transition arrangement.

The British government has announced plans to scrap import tariffs temporarily on a wide range of goods in the event of a no-deal Brexit, to limit the economic damage. "The tariff plans emphasise why a no deal Brexit must be avoided".

Imports such as beef, "cheddar-like" cheese and butter would be subject to tariffs as a percentage of the EU's "most favoured nation" level - a World Trade Organisation measure.

MPs will now vote on whether a no-deal scenario should be taken off the table.

He said businesses in Northern Ireland which process goods and materials brought over from the border from the Republic could also benefit.

However, Simon Coveney, Ireland's foreign minister, voiced concern about the fact any tariffs at all are to be introduced on Irish agriculture by the United Kingdom government. Small businesses trading across the border and not now Value-Added Tax registered would be able to report Value-Added Tax online periodically, without any new processes at the border.

It is possible that while Irish products would enter Northern Ireland tariff free, products moving in the other direction would face tariffs.

In the case of no-deal, the UK Government is committed to entering discussions urgently with Brussels and Dublin to agree long-term arrangements.

Cutting import tariffs on imported goods would ease the hit to British consumers from an expected jump in inflation in the event of a no-deal Brexit which would probably cause sterling to tumble and make imports more expensive.

Northern Ireland Secretary Karen Bradley said the government was clear that a deal with the European Union was "the best outcome for Northern Ireland".

The decision to refrain from checks at the Irish border would be temporary while longer term solutions were negotiated.

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