Mr. Aidan Gough:

In our research into the impact on business, we have been surprised at the potential impact of non-tariff barriers on top of tariff barriers. In fact, the initial results would suggest that they could more than double the impact. At the minute, we are beginning with a level playing field because all of the regulation is coming from the European Union and Britain is part of it. If Britain decides to diverge in any way from the EU standards, that will have cost implications for any business that wants to export into Britain and vice versa.