Brexit explained: we need to talk about tariffs

You might think Brexit is boring and confusing but crucial decisions are being made that could change the economy and cost you money. (Click to subscribe: https://bit.ly/C4_News_Subscribe)

If you want to understand how the UK economy is going to work after we leave the EU then you should know about tariffs.

These are just taxes on imports from foreign countries which can have a huge impact on trade and most importantly, how much things cost you. For a long time the UK hasn't really had to worry about them because of our membership to the EU.

But after Brexit trade will become a regular story as countries and business turn to government to make post-Brexit deals.

With Brexit that could all change so in this explainer we talk about how tariffs work and what they might mean for your bank balance in future.

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