Brexit Customs Deal Could Unlock Billions in Trade Gains for UK
The article argues that out of the UK's options for post-Brexit customs arrangements, 'MaxFac' is the most promising. It aims to keep customs efficient by using existing technology. Critics worry about extra costs, estimated around £5 billion, not as high as first thought. Supporters believe the benefits of easier trade and less trade barriers outweigh the costs. By improving trade and regulations, the UK could gain huge advantages from leaving a customs union.