SCENARIO: EU anti-dumping legislation will no longer apply to the UK.
EFFECT: Increased competition and price pressure from foreign competitors is likely to result in the absence of “clout” that a large trading block such as the EU can muster. If the UK introduces its own anti-dumping measures, “tit for tat” retaliation or pressure on other trade deals being negotiated might result, driving the UK into a corner or compromising position. Certain UK sectors such as industrial / automobile, steel or energy products might be affected adversely.