Thursday, 29 September 2016

POST BREXIT: Liam Fox claims the EU will gain more if Britain is allowed to be part of the single market

Liam Fox

Liam Fox, the International Trade Secretary has emphasized that allowing Britain to participate in the EU single market will be more profitable to other EU countries than it will be to the UK. This is because, according to him, EU countries make more imports to the UK than the UK imports to EU countries.

Responding to questions after a “major” speech in Manchester, Dr Fox suggested Britain could maintain the benefits of the single market post-Brexit.

“Protectionism never actually helps anybody at all and as we move into a post-Brexit arena, we want it to be as free and as open as possible,” he said.

“And don’t just look at it from the UK perspective, the European Union has a massive surplus in goods with the UK.

“Who does it harm more if we end up in a new tariff environment?

“Does it harm more those who sell more to the UK, or the UK?

“It’s in everybody’s interests that, as we move forward, that we have at least as free a trading environment as we have today.


“Everything else may not harm the politicians and institutions but it will harm the people of Europe, and it’s the people of Europe who should be at the forefront of our thoughts during that period.”

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