Brexit: Duncan Smith on Carney's trade deal comments

A “no-deal” Brexit should really be called “no trade deal” says Iain Duncan Smith.

The former Conservative leader told the World at One’s Jonny Dymond: “No-deal doesn’t exist because it would be a deal under the WTO – we already operate under the WTO, as does the EU.”

He was reacting to comments from Bank of England governor Mark Carney who said the possibility of a no-deal Brexit is “uncomfortably high” and “highly undesirable”.

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