British economy ‘to grow 0.16% at best under US trade deal’
Admission lays bare limited benefits of ‘ambitious’ agreement with Donald Trump
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The British economy would be at most 0.16% larger by the middle of the next decade under a comprehensive trade deal with the US, the government has admitted, laying bare the limited benefits from striking an agreement with Donald Trump.
In a document published by Liz Truss’s Department for International Trade designed to kick-start post-Brexit trade talks with the Trump White House, the government said the British economy stood to benefit from an “ambitious and comprehensive” trade deal worth a fraction of GDP, equivalent to £3.4bn after 15 years.
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