Liam Fox warns of 'global unemployment spike' as he urges UK and EU to agree terms

During an interview with Sky News Mr Fox urged the UK and European Union to agree a good open trading relationship post-Brexit. The former International Trade Secretary stated that a deal between Britain and the EU would give a boost of confidence to the global trading system when it is desperate need of a positive signal. 

Mr Fox said: “We want to see Brexit done, I still hope we will see a good open trading relationship between Britain and the European Union.

“I think that now goes beyond the bilateral relationship.

“It is obviously good for Britain and our European partners to have open liberal trade between us.

“I think now the global trading system is slowing down because of COVID, we have the COVID emergency on top of that.

“We may well be seeing problems with global unemployment, a spike higher than we have seen since the Great Depression.

“It is very important that all countries understand that they need to do even more to keep trade moving.

“I think a good agreement between Britain and the EU would give a boost of confidence to the global trading system at a time when it very much needs one.”

More to follow…



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