Truss’s admission talks on trade deal with US have been shelved is ‘terrible news for UK economy’, Labour says – UK politics live

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Truss’s admission talks on trade deal with US have been shelved is ‘terrible news for UK economy’, Labour says – UK politics live
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Latest updates: party says prime minister has ‘tarnished UK’s international reputation’ as she visits US

admitted that she did not expect talks on a free trade deal with the US to start “in the short to medium term” while speaking to reporters last night on her plane over to New York, where she is attending the United Nations general assembly. No one who has followed progress towardswill be surprised by the substance of what Truss said; it has been clear since Joe Biden won the US presidential election that for the time being the deal is all but dead.

and even the sources who give journalists unattributable briefings more or less clammed up. But now political news is back. We will be hearing more from Truss later today, and this morning Michelle Donelan, the new culture secretary, has done a full interview round. I will summarise the key points shortly.

The admission that there is no prospect of a trade deal with the USA is terrible news for the UK economy – it is costing billions in lost potential trade opportunities and holding back growth. The Conservative manifesto promised a trade deal with the United States by the end of this year, now this has no chance of being delivered.

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