Trade policy

Britain is discovering the difficult truth about trade deals | Phillip Inman | Business – Business Article

A trade deal, any trade deal: that is all Liam Fox wants from his civil servants. It is not much for an international trade secretary to ask. Especially when the prospect of all-encompassing agreements on imports and exports was held up in the referendum and its aftermath as one of the chief benefits of quitting the European Union. Not least by Fox himself. Wanting a trade deal and securing one are not the same thing, as Fox has found out…

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UK cannot simply trade on WTO terms after no-deal Brexit, say experts | Politics – Business Article

The UK will be unable to have frictionless, tariff-free trade under World Trade Organization rules for up to seven years in the event of a no-deal Brexit, according to two leading European Union law specialists. The ensuing chaos could double food prices and plunge Britain into a recession that could last up to 30 years, claim the lawyers who acted for Gina Miller in the historic case that forced the government to seek parliament’s approval to leave the EU. It…

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