Britain wants to agree a European Union free-trade deal: FM Rishi Sunak

Britain wants to strike a free-trade deal with the European Union, but the short-term impact of not doing so will be overshadowed by the Covid-19 pandemic, British Finance Minister Rishi Sunak said

Rishi Sunak
Rishi Sunak. Photo: Reuters
Reuters LONDON
1 min read Last Updated : Nov 23 2020 | 8:58 AM IST

LONDON (Reuters) - Britain wants to strike a free-trade deal with the European Union, but the short-term impact of not doing so will be overshadowed by the COVID-19 pandemic, British Finance Minister Rishi Sunak told the BBC's Andrew Marr programme on Sunday.

Asked what the effect of not have a free-trade deal in place after the transition period ends on Dec. 31, Sunak said: "It's very difficult to be precise about the near-term effects.

"But I'd agree with what the prime minister has said, in the short term specifically and most immediately, it would be preferable to have a deal because it would ease things in the short term.

"But the most important impact on our economy next year is not going to be from that, it's because of coronavirus."

 

(Reporting by Willaim Schomberg and Paul Sandle; Editing by Andrew Heavens)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :BritainEuropean UnionRishi Sunak

First Published: Nov 23 2020 | 8:32 AM IST

Next Story