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.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.