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Philip Hammond - Tariff free trade deals would only contribute a tiny amount to our GDP... so we must quash "this myth that third country trade deals will solve all our problems"
Ex-cabinet minister says there's no point in striking a bilateral trade deal at this point.
Andrew Percy attacks ‘cack-handed’ move to scrap import tariffs if UK crashes out in October – triggering Ottawa’s refusal to ‘roll over’ existing EU deal.
Labour has warned that UK exporters risk being frozen out of key markets after a no-deal Brexit, after international trade secretary Liam Fox admitted that talks on rolling over an EU trade deal with Canada have stalled.
The decision not to “roll over” the Comprehensive Economic and Trade Agreement (CETA) if the UK abandons its withdrawal agreement with Brussels is a huge blow to Britain's hopes of maintaining continuity in a no-deal Brexit and could severely impact businesses that sell goods to the Canadian market.