Boris Johnson's threat to pursue an 'Australia-style' arrangement with the EU would risk major damage to the UK economy.
Business leaders urge Boris Johnson to scrap his threat to trade with the EU without a deal.
However, Australia does not have a free trade deal with the EU, and does relatively little trade with the bloc, compared to the UK. The trade Australia does do with Brussels is largely on World Trade Organisation terms. „We export something like £13 billion each year to the EU, and reverting to the most favoured nation tariffs would destroy a very large share of those exports. It’s a bad deal for us and it’s a bad deal for our industry in Europe.“
„The Australians are trying to do a deal with the EU for the very reason that they are not happy with the arrangements they have. We [the NFU] would be pretty unhappy with that outcome.“Foto: sourceBEN STANSALL/AFP via Getty Images „It’s all very well and good saying ‚are you ready? are you ready?‘ as they [the UK government] constantly do, but we need absolute clarity at an operational level and we need concrete measures.“announcing a month-long consultation
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