Trade pacts with US, EU, India may not boost short-term UK growth: S&P
The UK’s trade pacts with the US, the EU and India will do little to boost short-term growth as they are either too narrow, or, in the case of the UK-US one, still leave exporters worse off than before, S&P Global Ratings said. The US-UK pact has not yet been fully implemented; the UK-EU one is narrow in scope; and the UK-India one is smaller in terms of economic significance than the UK-EU deal.
The UK’s trade pacts with the US, the EU and India will do little to boost short-term growth as they are either too narrow, or, in the case of the UK-US one, still leave exporters worse off than before, S&P Global Ratings said.
The US-UK pact has not yet been fully implemented; the UK-EU one is narrow in scope; and the UK-India one is smaller in terms of economic significance than the UK-EU deal.
