EU chiefs could be issued a huge blow if a US-UK Free Trade Agreement (FTA) is secured – as German businesses might find relocating en masse to post-Brexit Britain incredibly profitable, former Ukip MP Douglas Carswell told Express.co.uk.
This week, Britain and the EU kicked off the first round of talks on their future relationship. While the two sides are set for a big showdown – as they have starkly different views on what constitutes fair competition between their economies – a trade deal with the US appears to be a lot more straightforward. On Monday, International Trade Secretary Liz Truss launched the country’s five negotiating aims and announced talks will start in the next few days.
The 180-page document pledges to protect the NHS, maintain food standards, lower import taxes, or tariffs, on many UK exports – and increase trade in services.
It estimates that a deal with the US could boost transatlantic trade by some £15.3billion, and add £3.4billion to the UK economy.
Moreover, according to former Ukip MP Douglas Carswell, the FTA could also deal a huge blow to the EU – as German businesses might find relocating to post-Brexit Britain incredibly profitable.
He told Express.co.uk: “I think a US-UK free trade deal is pretty much lined up. There are vested interests on both sides.
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