Recent political debates show that British politicians are finally starting to grasp the nature of trade-offs inherent in trade policy whilst stakeholders eye a future Labour government for change in policy direction.
UK trade politics
The United Kingdom is to make a strategic shift away from pursuing new free trade agreements and will place more emphasis on making trade relationships work more effectively on the ground. This is in essence what the country’s international trade secretary said on Wednesday (30 November).
A dispatch from another week in UK trade policy.
It’s a long edition of Week in London. But it’s worth the read as it indicates change is happening in post-Brexit Britain in relation to the country’s new trade policy.
British members of parliament have called for a thorough review of the processes used to scrutinise and ratify new free trade agreements, arguing that the existing provisions are “not fit for purpose”.
There is much noise around the never-ending government turbulence in London. Quietly however, Scotland is looking ever closer at the secession option.
A change in tone is perceptible on matters related to trade and the EU.
It’s not only self-inflicted financial crisis season, it is also party conference season in the United Kingdom.
Parliament has been busy on trade this week.
Kemi Badenoch has been appointed UK international trade secretary in the government of Britain’s new prime minister, Liz Truss. She replaces Anne-Marie Trevelyan, who had been in the post for the previous 12 months.