Analysis of the US Trade Deal and Its Economic Implications

On Thursday afternoon Prime Minister Keir Starmer gave a speech about closing the long-awaited UK-US trade deal. Not that his announcement went without a hitch however; after first directing lobby journalists to the wrong Jaguar Land Rover factory in Coventry, Starmer then had his limelight stolen by the election of a new Pope. Although, Labour’s ‘historic’ trade deal has pipped the Pope on most front pages.

The reception has been positive across government too, with many heralding a political win for Labour – just when they really needed one after the local elections. But is this an economic win as well? Critics say the deal is shallow, clearly just a start, and are at pains to point out that we are still in a worse trading position than earlier this year. Meanwhile, the governor of the Bank of England intervened to urge the government to ‘do everything’ it can to rebuild trade with the EU. 

Lucy Dunn speaks to James Heale and Michael Simmons. 

Produced by Oscar Edmondson.