International trade secretary Liam Fox promises City audience: We will push for global free trade in financial services post-Brexit

Julian Harris
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Trade secretary Liam Fox says the UK economy is defying gloomy predictions (Source: Getty)

Trade secretary Liam Fox will tell a City audience today that Britain can lead a global push for greater free trade in services.

Speaking at City Week in Guildhall, Fox will paint an optimistic picture of the UK’s post-Brexit financial services sector.

"Increasingly, the world not only wants what Britain makes, but also to tap into the vast pool of knowledge, talent and expertise that we boast across a vast range of industries," he is expected to say.

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"Liberalising the trade in services is at the heart of the Department for International Trade’s offer to the finance industry. We will work with old allies and new partners across the world, utilising the UK's economic strength and diplomatic prowess to forge new trading relationships. Ultimately, our task is to remove the unnecessary regulation, bureaucracy and red tape that inhibit the free trade in services."

Fox, who supported the Leave campaign, will argue that Brexit gives the UK "a new degree of economic agility".

He will cite Britain's strong employment numbers and recent decline in inflation as evidence of an economy defying gloomy forecasts.

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