Meddling Merkel: Chancellor’s politicians ‘BLOCKING Barnier from opening talks with UK’

12 Oct

In contrast Britain would only pay £5 billion to Brussels and would have enough extra cash to subsidise exporters who face losing out in the event of no agreement on trade.

Meanwhile, progress has been made for future free trade relations with New Zealand after a deal was struck to share quotas of cheap lamb between Britain and the eU.

Restrictions on how many products can be imported into the EU on favourable rates are set across the bloc and concerns have been raised internationally that exporters could take a financial hit when the UK quits.

However, the government has agreed with Brussels to divvy up the numbers of goods that can be brought in on low or zero tariffs based roughly on current rates.

It would mean products like lamb, which are imported into the UK in higher numbers than other parts of the bloc, would continue to be traded in similar numbers.

International Trade Secretary Liam Fox said the deal showed “real progress” and was part of the government’s plans to minimise disruption to global trade.

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