British finance minister Rishi Sunak: No post-Brexit trade pact at any price
- The coronavirus crisis is likely to have the greatest impact on the British economy in the coming year
- Without a post-Brexit deal, there is a risk of a hard economic break from Brussels, with tariffs and other trade barriers
British Chancellor of the Exchequer Rishi Sunak said on Sunday he does not believe in a post-Brexit trade pact “at any price.”
“I think we’re making progress in the talks and I remain hopeful that we can reach resolution,” he said on Sunday in a BBC interview.
“I think we’re being entirely reasonable with our requests and have been consistent and transparent through this process about what's important to us. But we will prosper in any eventuality,” he said.
Such an agreement would certainly make a lot of things easier in the short term. However, the coronavirus crisis is likely to have the greatest impact on the British economy in the coming year.
The desired free trade agreement should come into force on January 1, when the transition phase after Britain’s departure from the European Union ends. Britain formally left the bloc in January, but continues to enjoy all the benefits of EU membership during the transition period.