Britain's best option for Brexit would be a Swiss-style deal keeping trade barriers with EU as low as possible, says new report

CER director of research John Springford said: “Something similar to the Swiss deal, but without free movement, would be the very best that Britain can hope for.

“The EU might not be prepared to offer the UK such a deal, since the Swiss have accepted free movement as the price of single market participation in goods, and the EU want the Swiss to download EU law more rapidly.

“But such an outcome would have significant economic costs for Britain, given its advantage in financial and business services.”

He added: “A Swiss-style Brexit provides a middle way between two extremes: severe trade disruption and full sovereignty on the one hand, and continued single market membership and the wrath of Brexiteers on the other.”