Britain will set out its approach to tariffs on imported goods only if it has taken a decision to leave the European Union without a deal, business minister Greg Clark said.

Britain currently has tariff-free access to EU markets and it benefits from EU trade deals with other countries. But its exports will automatically face tariffs if it leaves on March 29 without a transition deal.

“This would only arise if we leave without a deal on March 29. So in those circumstances the work is continuing on developing and finalizing those tariff schedules but they will be published...once we knew that we were leaving without a deal on March 29,” Clark told BBC Radio.