The made unveiled the plan in his radio show this evening. He explained that there is a hidden alternative that could mean the without ‘crashing out‘. He told LBC: “Talking of crashing out, of economic catastrophe and the other words and phrases that we hear, not just from big businesses but also from every singe commentator as well.
“I’ve got someone here that’s going to explain to us that we don’t have to crash out at all.
“I’m joined by David Campbell-Bannerman, MEP for the East of England.
“David, you’ve been one of the people putting forward this idea of invoking Article 24.”
Mr Campbell-Bannerman replied: “This, Nigel, is actually the General Agreement on Tariffs and Trade – that’s GATT.
Brexit news: Nigel Farage spoke on LBC about Article 24 – a potential secret weapon for a no-deal (Image: LBC – Getty)
“And that is now part of the WTO network the EU operates within.
“What’s important is you can have a managed no-deal, a softer no-deal.
“It allows us to leave the EU with no withdrawal agreement but keep tariffs at zero, keep quotas at zero, which means that the man on the street won’t notice.
“You won’t get 40 percent tariffs on French cheese or 12 percent on French wine for a period whilst you negotiate a much deeper, comprehensive and ambitious free trade agreement.
“This is a kind of transition, stopgap mechanism.
“I had the opportunity this morning to give the Prime Minister a one page sheet in number 10 which is from a leading University of Cambridge professor of Law, who says this one page can trigger that process.”
The Government has acknowledged being in “uncharted waters” as MPs approach another round of crucial votes on tomorrow.
Tory Lords leader Baroness Evans of Bowes Park told peers the political environment was “charged with uncertainty”.
Finding satisfactory outcomes to the current parliamentary impasse could “scarcely be more critical”, Lady Evans said.