Trump says US is ready to do post-Brexit trade deal

  • US President Donald Trump has said he believes Britain can have a “very very substantial trade deal” with the US after it leaves the EU.
  • Trump claimed talks were already happening, after his ambassador made clear the US would expect to be allowed business access to the NHS as part of any deal.
  • When Trump was asked today if the NHS would be included in post-Brexit trade talks, Mr Trump said “everything is on the table“.
  • The White House tweeted a link to a statement, in which Washington said Trump wanted to strengthen economic ties with the UK through an ambitious new trade agreement.
  • The US secretary of state, Mike Pompeo, has reiterated the White House’s stance on a US-UK trade deal, saying he regards it as a priority – but declined to say whether Washington will look to do a deal with the EU or the UK first.
    Guardian BBC MLex

Brexit uncertainty knocks 13% off foreign investment projects to UK

  • The number of new foreign direct investment projects in the UK fell 13 per cent last year as uncertainty over Brexit deterred investors, according to EY, the professional services company that tracks the annual figures.
  • The UK remained the top destination in Europe in 2018, with 1,054 new projects, EY’s 2019 UK Attractiveness Report said. However, this was a drop from 1,205 in 2017 and France and Germany narrowed the gap with the UK.
  • In an accompanying survey to the data, 15 per cent of global investors said they had paused a project in the UK because of Brexit (up from 8 per cent last year).

FT

Author

Jessica's practice focuses on international trade and anti-bribery work, encompassing customs, export control and sanctions matters. Jessica's trade work includes advising international clients on fast-moving and evolving EU and UN sanctions, notably in respect of Iran and Russia, and on compliance with UK and EU export controls. Her trade experience also includes advising on tariff classification and customs valuations. Jessica's anti-bribery experience includes assisting with investigations, and advising clients on compliance with anti-bribery laws. Jessica has also taken a lead role in monitoring Brexit-related developments; analysing how they will affect the UK's trading position generally, and clients' businesses specifically. She has helped clients begin to conduct risk assessments of how Brexit will impact their businesses, and has assisted them in developing tailored Brexit strategies. Jessica also presents at various seminars, webinars, and conferences on the complexities of Brexit. Jessica advises global clients on complex issues arising from international transactions and works with clients across a number of sectors including pharmaceuticals, defence, finance, aviation, energy, and telecommunications. Jessica has also worked previously in Paris, and is fluent in French.

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