This paper considers only trade in services between the United States and the UK in the context of the latter’s anticipated departurefrom the EU and identifies priorities for any future legal arrangement governing U.S.-UK trade in services. / "Many American services suppliers chose the UK as their European headquarters in order to benefit from operating inside the EU Single Market."

We discuss the key potential upsides, possible risks and principal negotiating issues from both US and UK perspectives. We conclude that it is highly unlikely that a free trade deal between the US and the UK will be secured in the near term and that the likely potential benefits for British businesses are less than often suggested.