Seema Malhotra MP’s article in the Financial Times on 9th December 2018 “Brexit trade uncertainty threatens to set UK back by 46 years”
See the link below to Seema Malhotra MP’s article in the Financial Times on the Government’s inability to provide clarity on the status post-Brexit of 40+ EU FTAs we have helped negotiate with 70+ countries under which UK businesses trade on preferential terms.
“More than £150bn of UK trade is at risk because of the government’s failure to confirm what will happen to Britain’s participation in the EU’s free trade agreements after Brexit. It is yet a further continuation of the high stakes game prime minister Theresa May is playing with our economy. […]
These trade deals stretch around the globe, from Trinidad and Tobago, to South Korea and Mauritius, and allow the UK to have a truly global reach. However, this government cannot guarantee that after Brexit day — in less than four months’ time — the UK will continue to enjoy the benefits. We could be left at the diplomatic starting line, 46 years behind where we were as part of the EU.”
"It is a dereliction of duty to leave UK businesses in limbo over our access to these trade agreements. Claims that trading under WTO terms would make us “Global Britain” are false. We are already Global Britain." - Seema Malhotra MP