
I tuned in by accident to a different radio station this morning (FM instead of DAB) and found someone explaining what trading on WTO terms would mean. Very informative - though I haven't done the 'due diligence' on him yet, he sounds as if he knows of which he speaks. Ring of truth sort of thing. The guy is called Jason Hunter. I'd urge you to listen. I even registered with the BBC to hear it - something I've been avoiding doing for while now.

Trade on WTO terms
Skip to about 1 hr 20 minutes for the interesting few minutes.