• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Politics

David Frost says Remainers are ‘about to be humiliated’ over trade deal that will boost UK economy by 0.08%

The former Brexit negotiator said the naysayers have been "comprehensively disproven" after the UK's accession to the CPTPP was confirmed.

Jack Peat by Jack Peat
2023-03-31 14:06
in Politics
Brexit minister David Frost

Former Brexit minister David Frost. Photo: PA

FacebookTwitterLinkedinEmailWhatsapp

David Frost has warned Remainers that they are “about to be humiliated” as the UK prepares to join the CPTPP.

The UK’s accession to the free trade agreement which covers both sides of the Pacific Ocean was formally confirmed in a telephone call between Trade Secretary Kemi Badenoch and counterparts from the group.

It represents Britain’s biggest trade deal since leaving the EU, cutting tariffs for UK exporters to a group of nations which – with Britain’s accession – will have a total gross domestic product (GDP) of £11 trillion, accounting for 15 per cent of global GDP, according to UK officials.

But according to Office for Budget Responsibility (OBR) forecasts, the deal will only add 0.08 per cent to the size of the UK economy in 10 years.

Cutting ties with the European Union, meanwhile, is expected to reduce the UK’s potential economic growth by about 4 per cent over a similar period.

Writing in The Telegraph, David Frost tried to remain upbeat about what the trade deal could deliver.

He said: “Many mocked Boris Johnson’s “Global Britain” slogan and told us that Britain could not hope to establish a global role on its own.

“I think we can be confident that this judgment is now comprehensively disproven.”

Perhaps it’s time we all eat some humble pie, in that case. Or something a little less glamorous, preferably made with turnips.

RelatedPosts

‘He’s done nothing’: Nigel Farage accused of only using Clacton ‘for photo opportunities’

‘They can’t organise a p*ss-up in a brewery’ – Steve Coogan rips into Reform

Reform back down to four MPs – as James McMurdock SUSPENDED from party

Donald Trump announces he plans to host UFC fight at the White House

Related: Badenoch downplays claims UK-Asia trade pact will only boost economy by 0.08%

Tags: David Frost

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Credit Suisse: The Party is Over ← South Park hilariously troll Andrew Tate in latest episode
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->