In the face of severe and competing pressures, a UK trade policy that ‘works for everyone’ – to use Prime Minister Theresa May’s phrase – is going to be immensely difficult to achieve, writes Steve McGuire.
The legal and political obstacles to the UK’s construction of an independent international trade policy have been well documented. The legal complexities are eye-watering; as my UKTPO colleague Emily Lydgate points out, the relationship between Article 50 and UK trade policy is unclear. Nor does the UK government have enough expertise in the negotiation and implementation of trade rules. (more…)