Chancellor Rachel Reeves has claimed that the UK is now in a better position on trade than any other country in the world, citing recent deals with the US, India, and the EU as evidence.
Economic Growth
- Reeves stated that these agreements have put Britain’s economic growth on course for an upgrade after years of stalemate.
- She credited her predecessor, Jeremy Hunt, for securing new pacts within weeks of taking office last autumn, emphasizing the challenge of achieving such rapid progress.
Trade Negotiations with China
Despite her positive remarks about trade, Reeves downplayed speculation regarding potential talks with China over a free-trade agreement (FTA). She noted:
- "We are not looking to have trade negotiations with China," despite previous interest in building a long-term relationship with Beijing.
This statement comes as Downing Street announced that Boris Johnson will meet Chinese President Xi Jinping next month at an international conference in Saudi Arabia. Tensions between London and Beijing remain high due to human rights abuses against Uighur Muslims in Xinjiang province.
Criticism of Labour’s Trade Approach
Trade Secretary Kemi Badenoch has criticized Labour leader Keir Starmer’s approach to trade negotiations during his time as shadow foreign secretary, accusing him of being too lenient on Brussels and failing to secure proper post-Brexit arrangements for Northern Ireland.
In response, Starmer accused Theresa May’s government of not negotiating adequate post-Brexit arrangements for Northern Ireland during her premiership. He highlighted that many Conservative MPs opposed his attempts to pass legislation aimed at preventing Brexit-related border checks across Northern Ireland unless both sides agreed.
Recent Clashes
The two leaders clashed again at an event hosted by the think tank Policy Exchange, where they discussed future relations between Britain and Europe after Brexit.
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