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UK trade

  • Prime Minister warns “time is very short” for a Brexit deal

    October 26, 2020

    Prime Minister Boris Johnson has warned that “time is very short” to overcome key stumbling blocks in Brexit negotiations, as EU chief negotiator Michel Barnier meets with ministers today to try and hammer out a last-minute trade deal. “There is much work to be done if we’re going to bridge what are the significant gaps [...]

  • MPs ‘seriously concerned’ that British businesses are not ready for Brexit

    October 23, 2020

    The Treasury Committee has written to chancellor Rishi Sunak to express “serious concerns” that an eleventh-hour trade deal with the EU would not give businesses enough time to prepare for Brexit.  The select committee said it was left with a “significant number of outstanding questions and issues”, following an evidence session around the UK’s preparedness [...]

  • UK’s trade deal with Japan likely to be signed next week

    October 12, 2020

    The UK’s free trade agreement with Japan is reportedly set to be formally signed next week. The UK-Japan Comprehensive Economic Partnership Agreement (EPA) , which is the first trade deal to be signed since Britain left the EU earlier this year, was agreed in principle last month. And the two countries are hoping to formally [...]

  • Liz Truss hails ‘productive’ fourth round of UK-US trade talks

    September 22, 2020

    Trade secretary Liz Truss today said the UK and US had made “significant” progress in reaching a trade deal after wrapping up a “productive” fourth round of talks. Truss said the two sides exchanged their first tariff orders and held a series of detailed market access discussions during the round. The US and the UK [...]

  • Brexit: Prime Minister urges Tory MPs to back him over bill

    September 12, 2020

    Boris Johnson pleaded for Conservative MPs to support his plans to override part of the Brexit Withdrawal Agreement in a Zoom call late on Friday. The Prime Minister told around 250 Tory MPs on the video call that the party must not return to “miserable squabbling” over Europe. He is hoping to pass an Internal [...]

  • UK strikes free trade agreement with Japan

    September 11, 2020

    The UK has secured a free trade agreement with Japan that is set to increase trade with the country by an estimated £15.2bn. The UK-Japan Comprehensive Economic Partnership Agreement , which is the first trade deal to be signed since Britain left the EU earlier this year, was agreed in principle this morning. In a [...]

  • The World Trade Organisation must halt its march into irrelevance

    September 11, 2020

    Even the World Trade Organization’s strongest advocates cannot deny that it is an organisation with serious problems. It is a body that has deep technical skills and a relatively simple purpose, to ensure international trade flows as smoothly, predictably and freely as possible. A steady rise in protectionism, diminishing respect for its rules and an [...]

  • UK-Canada trade deal back in focus as talks restart

    September 7, 2020

    Hopes of securing a post-Brexit free trade deal with Canada were given a boost today after trade secretary Liz Truss announced the UK had kickstarted discussions. “Trade talks with Canada have commenced,” Truss wrote in a tweet. “The aim is to provide continuity for businesses by the end of the transition period. “Both the UK [...]

  • City figures brought in to advise on UK trade negotiations

    August 25, 2020

    Some of the City of London’s most prominent business leaders have been drafted in by the government to consult on the UK’s ongoing trade negotiations. Leaders from companies such as EY, Barclays and HSBC will be members of the Department of International Trade’s newly formed trade advisory groups. The government is simultaneously negotiating trade deal [...]

  • Trade secretary Liz Truss under fire for personal think tank meetings

    August 20, 2020

    Trade secretary Liz Truss is facing criticism after a series of meetings with a pro-hard Brexit think tank were removed from the public record and reclassified as personal discussions. Two meetings between Truss and the Institute of Economic Affairs (IEA) were originally logged in quarterly transparency data on the government’s website and described as discussions [...]

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