‘Milestone’: UK first European country to join CPTPP trade bloc Politics The UK has become the first European nation to join the CPTPP trade bloc after its membership formally took effect. Britain’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into force on Sunday, December 15. The major Indo-Pacific trade partnership comprises member states Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, [...]
Boost ‘growth prospects’ with reset, Reeves to tell EU finance meeting Politics Rachel Reeves will argue that a more business-like relationship with the EU can help Britain boost its “growth prospects”, at a meeting with the bloc’s finance ministers. Reeves will on Monday address the European Union’s financial heads in Brussels, becoming the first Chancellor to do so since Brexit, ahead of her next overseas visit to [...]
UK to relaunch trade talks with India and form new Japan partnership Politics The UK is set to relaunch trade talks with India and form a new economic partnership with Japan, Downing Street has announced. It was confirmed that trade discussions with India will reopen at the start of next year, following a bilateral meeting between Sir Keir Starmer and Indian leader Narendra Modi at the G20 summit [...]
UK turning away from EU ‘socialism’ would spur Trump on trade deal – adviser November 16, 2024 Donald Trump would be more willing to clinch a free trade agreement with the UK if it turns away from the EU’s “socialism” and towards a US model, a senior economic advisor to the president-elect has said. Stephen Moore, who is advising Trump as he prepares for office, said the UK “has to choose” between [...]
US elections: ‘Steep challenges’ for trade as UK exports could fall by £22bn November 8, 2024 Trade experts have warned Donald Trump’s proposed tariffs could pose “steep challenges” for the UK’s trade, with exports at risk of falling by £22bn. Ahead of his victory in the US election, Trump said he wants to increase tariffs on goods imported from around the world by 10 per cent, rising to 60 per cent [...]
US election: Badenoch calls on Starmer to reopen US-UK trade talks November 6, 2024 Conservative leader Kemi Badenoch has urged Keir Starmer to reopen trade talks with the US, after Donald Trump swept to victory over Democrat rival Kamala Harris.
Analysis: What does Trump’s victory mean for the UK? November 6, 2024 Donald Trump’s political resurgence poses important questions for the UK and the wider world. After securing the requisite 270 electoral college votes, Trump is on course to return to the White House as the 47th President of the United States, in January. And from his dealings with global leaders, the UK-US special relationship, to military [...]
Jonathan Reynolds ‘open to reviving China trade talks’ October 29, 2024 Business secretary Jonathan Reynolds has said he is “open to having a conversation” about reviving trade talks with China. The cabinet minister told Politico he was “certainly” prepared to discuss reopening the UK-China Joint Economic and Trade Commission (JETCO), which was set up to improve bilateral trade and investment between the two nations. It was [...]
‘Open for business’: Ministers head to Gulf states in bid to boost UK trade links September 16, 2024 Senior ministers are heading to the Gulf states for talks on boosting the UK’s economy via expanding trade links with the region and attracting international investment. Business secretary Jonathan Reynolds and trade minister Douglas Alexander are flying to Riyadh, Saudi Arabia, on their first joint international visit since the election, with Alexander then set to [...]
Crawling back to the EU after Brexit will only end badly for Britain July 31, 2024 The new government is seeking closer ties to the EU, but Brussels will not be kind to a prodigal son, writes Paul Ormerod Clear signals are being emitted by Keir Starmer’s government on the European Union (EU). A much closer relationship is being sought on a wide range of issues such as trade and defence. [...]